Brookstone Capital Management Takes $227,000 Position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Brookstone Capital Management purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,965 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors have also recently made changes to their positions in the company. Creekmur Asset Management LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth approximately $36,000. Tortoise Investment Management LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth approximately $40,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth approximately $41,000. Partnership Wealth Management LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth approximately $49,000. Finally, Twin Lakes Capital Management LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the third quarter worth approximately $57,000.

First Trust Dorsey Wright Focus 5 ETF Trading Up 0.8 %

FV opened at $57.45 on Wednesday. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07. The company’s 50 day moving average is $56.13 and its 200 day moving average is $54.69. First Trust Dorsey Wright Focus 5 ETF has a 12-month low of $41.05 and a 12-month high of $57.97.

First Trust Dorsey Wright Focus 5 ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.0167 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Thursday, June 27th.

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.