15,863 Shares in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Acquired by Magnolia Capital Advisors LLC

Posted by MarketBeat News on Sep 30th, 2024

Magnolia Capital Advisors LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund bought 15,863 shares of the company’s stock, valued at approximately $908,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Focus Financial Network Inc. ADV purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth approximately $254,000. Belpointe Asset Management LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth $229,000. Oppenheimer & Co. Inc. increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 1.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 26,380 shares of the company’s stock worth $1,360,000 after purchasing an additional 282 shares in the last quarter. Able Wealth Management LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 4th quarter valued at $110,000. Finally, Novak & Powell Financial Services Inc. acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth $849,000.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of NASDAQ:FV opened at $58.43 on Monday. The business’s 50-day moving average is $55.68 and its 200 day moving average is $56.06. First Trust Dorsey Wright Focus 5 ETF has a 1 year low of $41.05 and a 1 year high of $59.85. The firm has a market capitalization of $3.84 billion, a P/E ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be issued a dividend of $0.0199 per share. The ex-dividend date is Thursday, September 26th. This represents a $0.08 annualized dividend and a dividend yield of 0.14%. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02.

First Trust Dorsey Wright Focus 5 ETF Company Profile

(Free Report)

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.