Wells Fargo & Company MN Sells 43,796 Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Wells Fargo & Company MN reduced its position in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 1.1% during the fourth quarter, Holdings Channel reports. The firm owned 4,094,834 shares of the company’s stock after selling 43,796 shares during the period. Wells Fargo & Company MN owned approximately 0.06% of First Trust Dorsey Wright Focus 5 ETF worth $241,841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC boosted its position in 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 worth $263,711,000 after purchasing an additional 277,315 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 1.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,849,421 shares of the company’s stock worth $168,287,000 after buying an additional 36,184 shares during the last quarter. Raymond James Financial Inc. bought a new position in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter valued at about $157,260,000. Janney Montgomery Scott LLC increased its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 513,339 shares of the company’s stock worth $30,318,000 after buying an additional 7,470 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 0.3% in the fourth quarter. D.A. Davidson & CO. now owns 440,396 shares of the company’s stock valued at $26,010,000 after purchasing an additional 1,236 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

Shares of First Trust Dorsey Wright Focus 5 ETF stock opened at $49.62 on Friday. The stock has a market capitalization of $3.15 billion, a P/E ratio of 18.97 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $49.28 and a 52-week high of $63.09. The stock’s 50-day simple moving average is $58.60 and its 200 day simple moving average is $59.36.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.0618 dividend. The ex-dividend date was Thursday, March 27th. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. This represents a $0.25 annualized dividend and a yield of 0.50%.

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.