Wealth Enhancement Advisory Services LLC Boosts Holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 35,680 shares of the company’s stock after purchasing an additional 541 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $2,079,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. raised its position in 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 purchasing an additional 234 shares in the last quarter. Csenge Advisory Group purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the first quarter worth approximately $469,000. Geneos Wealth Management Inc. grew its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 79,866 shares of the company’s stock worth $4,571,000 after acquiring an additional 973 shares in the last quarter. SPC Financial Inc. increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 12.9% in the 1st quarter. SPC Financial Inc. now owns 87,557 shares of the company’s stock valued at $5,011,000 after purchasing an additional 9,995 shares during the last quarter. Finally, Manchester Capital Management LLC raised its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 7.5% in the 1st quarter. Manchester Capital Management LLC now owns 5,700 shares of the company’s stock valued at $326,000 after purchasing an additional 400 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Trading Up 0.7 %

Shares of FV stock opened at $57.88 on Friday. The company has a market cap of $3.74 billion, a P/E ratio of 16.50 and a beta of 1.07. The firm has a fifty day moving average price of $57.36 and a 200 day moving average price of $56.45. First Trust Dorsey Wright Focus 5 ETF has a 12 month low of $42.64 and a 12 month high of $60.06.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.0199 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.08 dividend on an annualized basis 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

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.