Meridian Wealth Management LLC Has $3.56 Million Stock Holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Meridian Wealth Management LLC cut its position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 5.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 61,030 shares of the company’s stock after selling 3,240 shares during the quarter. Meridian Wealth Management LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $3,556,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. First Citizens Bank & Trust Co. raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.8% in the third quarter. First Citizens Bank & Trust Co. now owns 10,178 shares of the company’s stock worth $593,000 after purchasing an additional 178 shares during the period. Simplicity Wealth LLC increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 2.6% during the third quarter. Simplicity Wealth LLC now owns 7,649 shares of the company’s stock worth $446,000 after acquiring an additional 191 shares in the last quarter. Register Financial Advisors LLC increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 11.5% during the second quarter. Register Financial Advisors LLC now owns 1,936 shares of the company’s stock worth $111,000 after acquiring an additional 200 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 2.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 9,450 shares of the company’s stock worth $551,000 after acquiring an additional 204 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 6.2% during the third quarter. Assetmark Inc. now owns 3,828 shares of the company’s stock worth $223,000 after acquiring an additional 224 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.9 %

Shares of FV stock opened at $61.16 on Friday. The firm has a fifty day moving average of $58.64 and a 200-day moving average of $57.05. First Trust Dorsey Wright Focus 5 ETF has a 12-month low of $46.45 and a 12-month high of $61.41. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.0199 per share. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, September 26th. This represents a $0.08 annualized dividend and a dividend yield of 0.13%.

First Trust Dorsey Wright Focus 5 ETF Company Profile

The First Trust Dorsey Wright Focus 5 ETF (FV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US and global ETFs issued by First Trust. The index selects 5 ETFs based on relative price momentum. FV was launched on Mar 6, 2014 and is managed by First Trust.