Commonwealth Equity Services LLC Sells 64,601 Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Commonwealth Equity Services LLC lowered its position in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,813,237 shares of the company’s stock after selling 64,601 shares during the period. Commonwealth Equity Services LLC owned about 4.34% of First Trust Dorsey Wright Focus 5 ETF worth $163,927,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Raymond James & Associates increased its position in First Trust Dorsey Wright Focus 5 ETF by 2.9% during the 3rd quarter. Raymond James & Associates now owns 1,672,261 shares of the company’s stock valued at $97,443,000 after purchasing an additional 47,375 shares during the period. First Citizens Bank & Trust Co. increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 1.8% during the third quarter. First Citizens Bank & Trust Co. now owns 10,178 shares of the company’s stock valued at $593,000 after buying an additional 178 shares during the period. Stratos Wealth Partners LTD. raised its stake in First Trust Dorsey Wright Focus 5 ETF by 8.8% in the third quarter. Stratos Wealth Partners LTD. now owns 170,511 shares of the company’s stock worth $9,936,000 after buying an additional 13,840 shares in the last quarter. Madrona Financial Services LLC lifted its holdings in First Trust Dorsey Wright Focus 5 ETF by 5.0% in the third quarter. Madrona Financial Services LLC now owns 511,831 shares of the company’s stock worth $29,824,000 after buying an additional 24,263 shares during the period. Finally, Global Retirement Partners LLC boosted its position in First Trust Dorsey Wright Focus 5 ETF by 20.7% during the 3rd quarter. Global Retirement Partners LLC now owns 15,530 shares of the company’s stock valued at $905,000 after acquiring an additional 2,664 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.3 %

Shares of NASDAQ:FV traded up $0.17 during trading on Friday, hitting $59.27. The stock had a trading volume of 81,846 shares, compared to its average volume of 117,232. The company has a market capitalization of $3.84 billion, a PE ratio of 16.50 and a beta of 1.07. The firm’s fifty day moving average is $56.85 and its 200 day moving average is $56.27. First Trust Dorsey Wright Focus 5 ETF has a 12 month low of $41.05 and a 12 month high of $60.06.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.0199 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.13%. 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.

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.