Madrona Financial Services LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 261,274 shares of the company’s stock, valued at approximately $19,176,000. First Trust Dorsey Wright Focus 5 ETF comprises approximately 3.0% of Madrona Financial Services LLC’s investment portfolio, making the stock its 13th largest holding. Madrona Financial Services LLC owned approximately 0.50% of First Trust Dorsey Wright Focus 5 ETF as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of FV. Acorn Wealth Advisors LLC acquired a new stake in First Trust Dorsey Wright Focus 5 ETF in the second quarter valued at about $556,000. Ameritas Advisory Services LLC raised its stake in First Trust Dorsey Wright Focus 5 ETF by 40.4% during the second quarter. Ameritas Advisory Services LLC now owns 25,480 shares of the company’s stock worth $1,933,000 after acquiring an additional 7,333 shares in the last quarter. Quantinno Capital Management LP raised its stake in First Trust Dorsey Wright Focus 5 ETF by 86.9% during the first quarter. Quantinno Capital Management LP now owns 17,375 shares of the company’s stock worth $1,050,000 after acquiring an additional 8,081 shares in the last quarter. Corient Private Wealth LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth about $4,065,000. Finally, First Heartland Consultants Inc. bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the third quarter worth about $3,229,000.
First Trust Dorsey Wright Focus 5 ETF Trading Up 0.2%
FV stock opened at $74.48 on Friday. The firm has a 50-day moving average price of $73.59 and a 200-day moving average price of $71.34. First Trust Dorsey Wright Focus 5 ETF has a 12 month low of $58.33 and a 12 month high of $76.08. The stock has a market capitalization of $3.88 billion, a P/E ratio of 19.48 and a beta of 1.09.
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.
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