Petix & Botte Co Has $1.51 Million Stake in First Trust Dorsey Wright Focus 5 ETF $FV

Petix & Botte Co raised its stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 33.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 27,583 shares of the company’s stock after buying an additional 6,868 shares during the period. Petix & Botte Co’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $1,513,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FV. Envestnet Portfolio Solutions Inc. increased its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 13.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 30,944 shares of the company’s stock worth $1,698,000 after acquiring an additional 3,593 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 2.0% during the first quarter. Envestnet Asset Management Inc. now owns 360,549 shares of the company’s stock worth $19,780,000 after buying an additional 7,173 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 18.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 563,225 shares of the company’s stock worth $33,264,000 after buying an additional 88,148 shares in the last quarter. Koshinski Asset Management Inc. grew its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 4.8% during the first quarter. Koshinski Asset Management Inc. now owns 10,534 shares of the company’s stock worth $578,000 after buying an additional 484 shares in the last quarter. Finally, Virtus Wealth Solutions LLC grew its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 27.5% during the first quarter. Virtus Wealth Solutions LLC now owns 5,544 shares of the company’s stock worth $304,000 after buying an additional 1,195 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

NASDAQ:FV opened at $60.85 on Monday. The company has a market cap of $3.71 billion, a PE ratio of 19.48 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $47.04 and a 52-week high of $63.09. The stock has a 50-day simple moving average of $59.58 and a 200 day simple moving average of $57.62.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a dividend of $0.096 per share. The ex-dividend date was Thursday, June 26th. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.06. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.6%.

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.