Valmark Advisers Inc. Raises Stock Holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Valmark Advisers Inc. boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 5.8% in the third quarter, Holdings Channel.com reports. The fund owned 82,906 shares of the company’s stock after acquiring an additional 4,530 shares during the quarter. Valmark Advisers Inc.’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $4,831,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FV. First Citizens Bank & Trust Co. raised its stake 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 buying an additional 178 shares in the last quarter. Simplicity Wealth LLC lifted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 2.6% during the 3rd quarter. Simplicity Wealth LLC now owns 7,649 shares of the company’s stock worth $446,000 after purchasing an additional 191 shares during the last quarter. Register Financial Advisors LLC boosted its position in 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 valued at $111,000 after purchasing an additional 200 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in First Trust Dorsey Wright Focus 5 ETF by 3.9% in the first quarter. J.W. Cole Advisors Inc. now owns 6,261 shares of the company’s stock valued at $358,000 after purchasing an additional 234 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings 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 worth $2,012,000 after purchasing an additional 300 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

NASDAQ:FV traded up $0.44 during midday trading on Tuesday, reaching $59.19. 38,650 shares of the stock traded hands, compared to its average volume of 115,722. The business has a 50-day moving average of $57.24 and a two-hundred day moving average of $56.37. First Trust Dorsey Wright Focus 5 ETF has a 12-month low of $41.06 and a 12-month high of $60.06. The stock has a market capitalization of $3.83 billion, a PE ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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

About First Trust Dorsey Wright Focus 5 ETF

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.