Trace Wealth Advisors LLC Acquires New Position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Trace Wealth Advisors LLC acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,750 shares of the company’s stock, valued at approximately $221,000.

Other large investors also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 12.9% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,087 shares of the company’s stock valued at $419,000 after acquiring an additional 812 shares during the period. Grove Bank & Trust purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at $30,000. Cascade Investment Group Inc. raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 1.1% in the 4th quarter. Cascade Investment Group Inc. now owns 17,535 shares of the company’s stock valued at $1,036,000 after acquiring an additional 192 shares during the period. Trueblood Wealth Management LLC raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 22.5% in the 4th quarter. Trueblood Wealth Management LLC now owns 14,861 shares of the company’s stock valued at $878,000 after acquiring an additional 2,731 shares during the period. Finally, Tudor Financial Inc. raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 18.2% in the 4th quarter. Tudor Financial Inc. now owns 11,403 shares of the company’s stock valued at $673,000 after acquiring an additional 1,757 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Trading Up 0.9%

FV opened at $58.33 on Friday. The company has a fifty day simple moving average of $54.21 and a 200 day simple moving average of $58.30. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 18.71 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a twelve month low of $47.04 and a twelve month high of $63.09.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business 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 is a positive change 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 0.42%. The ex-dividend date was Thursday, March 27th.

About First Trust Dorsey Wright Focus 5 ETF

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.