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

Wells Fargo & Company MN reduced its holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,094,834 shares of the company’s stock after selling 43,796 shares during the quarter. Wells Fargo & Company MN owned about 6.35% of First Trust Dorsey Wright Focus 5 ETF worth $241,841,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cascade Investment Group Inc. grew 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 buying an additional 192 shares during the period. Allworth Financial LP grew its stake in First Trust Dorsey Wright Focus 5 ETF by 1.1% in the fourth quarter. Allworth Financial LP now owns 17,907 shares of the company’s stock valued at $1,110,000 after acquiring an additional 200 shares during the period. Apollon Wealth Management LLC increased its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 0.3% during the fourth quarter. Apollon Wealth Management LLC now owns 77,732 shares of the company’s stock valued at $4,591,000 after acquiring an additional 210 shares in the last quarter. Thoroughbred Financial Services LLC raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 2.7% during the fourth quarter. Thoroughbred Financial Services LLC now owns 9,874 shares of the company’s stock worth $583,000 after purchasing an additional 262 shares during the period. Finally, O Dell Group LLC lifted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 2.4% in the 4th quarter. O Dell Group LLC now owns 17,948 shares of the company’s stock worth $1,060,000 after purchasing an additional 421 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Trading Down 5.7 %

NASDAQ FV opened at $49.62 on Friday. The company has a fifty day simple moving average of $58.60 and a 200 day simple moving average of $59.36. First Trust Dorsey Wright Focus 5 ETF has a 12-month low of $49.28 and a 12-month high of $63.09. The company has a market cap of $3.15 billion, a P/E ratio of 18.97 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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

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.