Garden State Investment Advisory Services LLC Purchases 724 Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Garden State Investment Advisory Services LLC raised its holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,845 shares of the company’s stock after acquiring an additional 724 shares during the period. Garden State Investment Advisory Services LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $2,089,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.0% in the second quarter. LPL Financial LLC now owns 4,211,170 shares of the company’s stock worth $241,157,000 after purchasing an additional 39,720 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of 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 last quarter. Concurrent Investment Advisors LLC grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 2.3% during the third quarter. Concurrent Investment Advisors LLC now owns 568,765 shares of the company’s stock valued at $33,142,000 after purchasing an additional 12,580 shares in the last quarter. Madrona Financial Services LLC increased its holdings in shares of 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 purchasing an additional 24,263 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 7,073.1% in the third quarter. International Assets Investment Management LLC now owns 489,346 shares of the company’s stock worth $28,514,000 after buying an additional 482,524 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of NASDAQ FV traded up $0.26 during midday trading on Friday, reaching $62.03. 13,841 shares of the stock traded hands, compared to its average volume of 113,005. The company’s 50 day moving average is $59.97 and its 200 day moving average is $57.64. First Trust Dorsey Wright Focus 5 ETF has a one year low of $49.19 and a one year high of $62.82. The stock has a market capitalization of $4.01 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 disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid 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. This represents a $0.08 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Thursday, September 26th.

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.