Brass Tax Wealth Management Inc. Increases Position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Brass Tax Wealth Management Inc. lifted its holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 0.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 66,348 shares of the company’s stock after acquiring an additional 531 shares during the quarter. First Trust Dorsey Wright Focus 5 ETF comprises approximately 1.5% of Brass Tax Wealth Management Inc.’s holdings, making the stock its 17th biggest position. Brass Tax Wealth Management Inc.’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $3,866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 0.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 35,139 shares of the company’s stock valued at $2,012,000 after purchasing an additional 300 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 5.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,732 shares of the company’s stock valued at $901,000 after purchasing an additional 863 shares during the last quarter. Western Wealth Management LLC lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 6.7% in the second quarter. Western Wealth Management LLC now owns 20,748 shares of the company’s stock valued at $1,188,000 after purchasing an additional 1,309 shares during the last quarter. Milestone Asset Management LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the second quarter valued at approximately $458,000. Finally, Concourse Financial Group Securities Inc. lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 5.2% in the second quarter. Concourse Financial Group Securities Inc. now owns 69,223 shares of the company’s stock valued at $3,964,000 after purchasing an additional 3,446 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Down 0.3 %

First Trust Dorsey Wright Focus 5 ETF stock traded down $0.17 during trading on Friday, hitting $61.60. The stock had a trading volume of 21,991 shares, compared to its average volume of 113,034. First Trust Dorsey Wright Focus 5 ETF has a 1 year low of $49.19 and a 1 year high of $62.82. The stock’s 50 day moving average is $59.97 and its two-hundred day moving average is $57.64. The stock has a market cap of $3.99 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 firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.0199 per share. This is a boost 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 dividend on an annualized basis and a yield of 0.13%.

First Trust Dorsey Wright Focus 5 ETF 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.