Independent Wealth Network Inc. Reduces Stock Holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Independent Wealth Network Inc. cut its holdings in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,552 shares of the company’s stock after selling 209 shares during the period. Independent Wealth Network Inc.’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in FV. Janney Montgomery Scott LLC grew its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 1.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 513,339 shares of the company’s stock worth $30,318,000 after purchasing an additional 7,470 shares during the period. Daymark Wealth Partners LLC boosted its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.8% during the fourth quarter. Daymark Wealth Partners LLC now owns 127,274 shares of the company’s stock worth $7,517,000 after buying an additional 2,231 shares in the last quarter. Tudor Financial Inc. grew its position in First Trust Dorsey Wright Focus 5 ETF by 18.2% during the fourth quarter. Tudor Financial Inc. now owns 11,403 shares of the company’s stock valued at $673,000 after buying an additional 1,757 shares during the period. Trueblood Wealth Management LLC increased its holdings in First Trust Dorsey Wright Focus 5 ETF by 22.5% in the fourth quarter. Trueblood Wealth Management LLC now owns 14,861 shares of the company’s stock valued at $878,000 after buying an additional 2,731 shares in the last quarter. Finally, Cascade Investment Group Inc. raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 1.1% in the fourth quarter. Cascade Investment Group Inc. now owns 17,535 shares of the company’s stock worth $1,036,000 after acquiring an additional 192 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.6 %

NASDAQ:FV opened at $62.37 on Friday. The stock has a market capitalization of $4.02 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 $49.73 and a 52 week high of $62.82. The stock’s 50-day moving average price is $60.56 and its 200-day moving average price is $58.31.

First Trust Dorsey Wright Focus 5 ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.0386 per share. The ex-dividend date was Friday, December 13th.

First Trust Dorsey Wright Focus 5 ETF Company 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.