Wells Fargo & Company MN Cuts Stake in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC)

Wells Fargo & Company MN lessened its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) by 3.5% in the 4th quarter, Holdings Channel reports. The firm owned 193,355 shares of the company’s stock after selling 7,096 shares during the period. Wells Fargo & Company MN owned 0.05% of First Trust Dorsey Wright Dynamic Focus 5 ETF worth $7,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FVC. Atria Wealth Solutions Inc. raised its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 50.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 9,519 shares of the company’s stock valued at $348,000 after acquiring an additional 3,209 shares during the last quarter. Jane Street Group LLC increased its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 266.9% during the third quarter. Jane Street Group LLC now owns 29,598 shares of the company’s stock worth $1,060,000 after purchasing an additional 21,531 shares in the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF in the 4th quarter valued at $3,952,000. Proactive Wealth Strategies LLC lifted its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 6.0% in the 4th quarter. Proactive Wealth Strategies LLC now owns 8,206 shares of the company’s stock valued at $300,000 after purchasing an additional 465 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV acquired a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF during the 4th quarter worth $323,000.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Up 0.1 %

Shares of NASDAQ FVC opened at $34.11 on Friday. The firm has a 50-day simple moving average of $35.63 and a 200-day simple moving average of $36.52. The stock has a market capitalization of $127.91 million, a price-to-earnings ratio of 18.67 and a beta of 0.80. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 52 week low of $30.39 and a 52 week high of $39.21.

First Trust Dorsey Wright Dynamic Focus 5 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.1174 dividend. This is an increase from First Trust Dorsey Wright Dynamic Focus 5 ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, March 27th. This represents a $0.47 dividend on an annualized basis and a yield of 1.38%.

About First Trust Dorsey Wright Dynamic Focus 5 ETF

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum.