Envestnet Asset Management Inc. Sells 83,667 Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Envestnet Asset Management Inc. lowered its stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 19.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 353,376 shares of the company’s stock after selling 83,667 shares during the quarter. Envestnet Asset Management Inc.’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $20,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FV. LPL Financial LLC lifted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 6.6% in the fourth quarter. LPL Financial LLC now owns 4,465,129 shares of the company’s stock valued at $263,711,000 after buying an additional 277,315 shares in the last quarter. Garden State Investment Advisory Services LLC lifted its position in First Trust Dorsey Wright Focus 5 ETF by 2.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 35,845 shares of the company’s stock valued at $2,089,000 after acquiring an additional 724 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in First Trust Dorsey Wright Focus 5 ETF by 12.9% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,087 shares of the company’s stock valued at $419,000 after purchasing an additional 812 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in First Trust Dorsey Wright Focus 5 ETF by 136.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 20,683 shares of the company’s stock worth $1,222,000 after purchasing an additional 11,925 shares in the last quarter. Finally, FMR LLC raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 3.3% in the third quarter. FMR LLC now owns 13,734 shares of the company’s stock worth $800,000 after purchasing an additional 438 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Up 1.0 %

Shares of NASDAQ:FV opened at $52.33 on Tuesday. The business’s 50 day moving average is $56.82 and its 200 day moving average is $58.98. First Trust Dorsey Wright Focus 5 ETF has a 12-month low of $47.04 and a 12-month high of $63.09. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 16.71 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.0618 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.47%. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, March 27th.

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.