First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) is Sard Wealth Management Group LLC’s Largest Position

Sard Wealth Management Group LLC boosted its holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 0.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 454,306 shares of the company’s stock after purchasing an additional 723 shares during the quarter. First Trust Dorsey Wright Focus 5 ETF comprises 17.5% of Sard Wealth Management Group LLC’s portfolio, making the stock its largest position. Sard Wealth Management Group LLC owned approximately 0.70% of First Trust Dorsey Wright Focus 5 ETF worth $26,472,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter worth approximately $39,000. Benjamin Edwards Inc. lifted its position in First Trust Dorsey Wright Focus 5 ETF by 47.8% in the 1st quarter. Benjamin Edwards Inc. now owns 711 shares of the company’s stock valued at $41,000 after acquiring an additional 230 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the 2nd quarter valued at $86,000. Finally, Zions Bancorporation N.A. bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter worth $86,000.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

Shares of FV stock traded up $0.13 during mid-day trading on Friday, hitting $59.23. The company’s stock had a trading volume of 12,507 shares, compared to its average volume of 116,889. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $41.05 and a 52-week high of $60.06. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07. The business has a 50-day moving average price of $56.62 and a 200 day moving average price of $56.24.

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 given a $0.0199 dividend. This is a positive change 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%.

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.