First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Increases Dividend to $0.08 Per Share

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be given a dividend of 0.0761 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, June 25th. This is a 48.1% increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05.

First Trust Dorsey Wright Focus 5 ETF Price Performance

FV stock traded up $1.50 on Thursday, reaching $73.98. 38,795 shares of the company were exchanged, compared to its average volume of 121,138. The firm has a market capitalization of $3.90 billion, a PE ratio of 19.48 and a beta of 1.09. First Trust Dorsey Wright Focus 5 ETF has a 12 month low of $58.06 and a 12 month high of $74.61. The stock’s fifty day moving average price is $69.79 and its 200 day moving average price is $66.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. AlphaCore Capital LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at about $8,977,000. Benjamin Edwards Inc. increased its stake in First Trust Dorsey Wright Focus 5 ETF by 663.4% during the fourth quarter. Benjamin Edwards Inc. now owns 142,054 shares of the company’s stock valued at $8,941,000 after acquiring an additional 123,447 shares during the period. Gateway Wealth Partners LLC increased its stake in First Trust Dorsey Wright Focus 5 ETF by 99.2% during the first quarter. Gateway Wealth Partners LLC now owns 214,630 shares of the company’s stock valued at $12,972,000 after acquiring an additional 106,877 shares during the period. NewEdge Advisors LLC raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 11.4% in the third quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock valued at $58,237,000 after purchasing an additional 96,612 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in First Trust Dorsey Wright Focus 5 ETF by 61.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 224,743 shares of the company’s stock valued at $14,141,000 after buying an additional 85,668 shares during the period.

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.