LPL Financial LLC Lowers Stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

LPL Financial LLC lessened its position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,187,814 shares of the company’s stock after selling 23,356 shares during the period. LPL Financial LLC owned about 6.47% of First Trust Dorsey Wright Focus 5 ETF worth $244,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moors & Cabot Inc. purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the third quarter valued at $256,000. Prospera Private Wealth LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter valued at about $118,000. Avior Wealth Management LLC boosted its stake in First Trust Dorsey Wright Focus 5 ETF by 40.1% in the 3rd quarter. Avior Wealth Management LLC now owns 2,311 shares of the company’s stock worth $135,000 after purchasing an additional 661 shares in the last quarter. Unionview LLC boosted its stake in First Trust Dorsey Wright Focus 5 ETF by 0.4% in the 3rd quarter. Unionview LLC now owns 89,195 shares of the company’s stock worth $5,197,000 after purchasing an additional 392 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its stake in First Trust Dorsey Wright Focus 5 ETF by 21.7% in the 3rd quarter. Aptus Capital Advisors LLC now owns 2,179 shares of the company’s stock worth $127,000 after purchasing an additional 389 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Up 1.7 %

FV stock opened at $60.59 on Friday. The firm has a 50 day moving average of $58.54 and a 200 day moving average of $57.03. The stock has a market capitalization of $3.92 billion, a PE ratio of 16.50 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a 52 week low of $46.45 and a 52 week high of $61.41.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently announced 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 of this dividend was Thursday, September 26th. This is a boost 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%.

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.