Merit Financial Group LLC Invests $3.17 Million in First Trust Dorsey Wright Focus 5 ETF $FV

Merit Financial Group LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) during the fourth quarter, Holdings Channel reports. The firm acquired 50,402 shares of the company’s stock, valued at approximately $3,171,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Asset Dedication LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the third quarter worth about $43,000. Burkett Financial Services LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the third quarter worth about $51,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth about $78,000. Private Trust Co. NA grew its position in First Trust Dorsey Wright Focus 5 ETF by 12.5% during the third quarter. Private Trust Co. NA now owns 2,167 shares of the company’s stock worth $134,000 after buying an additional 241 shares in the last quarter. Finally, United Capital Financial Advisors LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the third quarter worth about $201,000.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.0%

First Trust Dorsey Wright Focus 5 ETF stock opened at $64.87 on Tuesday. First Trust Dorsey Wright Focus 5 ETF has a 52 week low of $50.22 and a 52 week high of $68.16. The business has a 50-day simple moving average of $63.11 and a 200 day simple moving average of $63.22. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 19.48 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.0514 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.21 dividend on an annualized basis and a yield of 0.3%.

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.