Concourse Financial Group Securities Inc. Acquires 6,675 Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Concourse Financial Group Securities Inc. boosted its holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,898 shares of the company’s stock after purchasing an additional 6,675 shares during the period. Concourse Financial Group Securities Inc. owned approximately 0.12% of First Trust Dorsey Wright Focus 5 ETF worth $4,423,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FV. EverSource Wealth Advisors LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF in the second quarter worth $39,000. Creekmur Asset Management LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 4th quarter valued at $36,000. Benjamin Edwards Inc. grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 47.8% in the 1st quarter. Benjamin Edwards Inc. now owns 711 shares of the company’s stock worth $41,000 after buying an additional 230 shares during the period. Tortoise Investment Management LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth about $40,000. Finally, Zions Bancorporation N.A. purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the 2nd quarter valued at about $86,000.

First Trust Dorsey Wright Focus 5 ETF Price Performance

FV opened at $59.39 on Friday. The firm has a market cap of $3.85 billion, a PE ratio of 16.50 and a beta of 1.07. The stock has a 50-day moving average price of $56.17 and a 200-day moving average price of $56.20. 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 firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.0199 per share. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date was Thursday, September 26th.

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.