B. Riley Wealth Advisors Inc. Increases Stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

B. Riley Wealth Advisors Inc. boosted its stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 2.7% during the 2nd quarter, Holdings Channel reports. The firm owned 12,649 shares of the company’s stock after acquiring an additional 334 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $724,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Brookstone Capital Management acquired a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the first quarter valued at about $227,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter worth approximately $86,000. Oppenheimer & Co. Inc. raised its position in First Trust Dorsey Wright Focus 5 ETF by 1.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 26,380 shares of the company’s stock worth $1,360,000 after buying an additional 282 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 0.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 406,934 shares of the company’s stock valued at $23,304,000 after acquiring an additional 1,070 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 3.9% in the 1st quarter. J.W. Cole Advisors Inc. now owns 6,261 shares of the company’s stock valued at $358,000 after acquiring an additional 234 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of First Trust Dorsey Wright Focus 5 ETF stock opened at $58.29 on Friday. The stock has a market cap of $3.78 billion, a PE ratio of 16.50 and a beta of 1.07. The firm has a fifty day moving average price of $55.83 and a 200 day moving average price of $56.13. First Trust Dorsey Wright Focus 5 ETF has a 1 year low of $41.05 and a 1 year high of $59.85.

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. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.14%. This is a positive change 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.