Garden State Investment Advisory Services LLC Purchases 724 Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Garden State Investment Advisory Services LLC lifted its position in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,845 shares of the company’s stock after purchasing an additional 724 shares during the period. Garden State Investment Advisory Services LLC owned 0.06% of First Trust Dorsey Wright Focus 5 ETF worth $2,089,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in First Trust Dorsey Wright Focus 5 ETF by 7,073.1% in the 3rd quarter. International Assets Investment Management LLC now owns 489,346 shares of the company’s stock valued at $28,514,000 after purchasing an additional 482,524 shares during the period. Proactive Wealth Strategies LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth about $16,958,000. Sanctuary Advisors LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF during the second quarter valued at about $4,073,000. ORG Partners LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the third quarter worth about $3,536,000. Finally, Raymond James & Associates raised its position in First Trust Dorsey Wright Focus 5 ETF by 2.9% in the third quarter. Raymond James & Associates now owns 1,672,261 shares of the company’s stock worth $97,443,000 after acquiring an additional 47,375 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Trading Up 0.8 %

Shares of NASDAQ FV opened at $61.46 on Monday. The stock has a fifty day simple moving average of $59.22 and a two-hundred day simple moving average of $57.31. First Trust Dorsey Wright Focus 5 ETF has a 1-year low of $46.94 and a 1-year high of $62.32. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.0199 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.08 annualized dividend and a yield of 0.13%. 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.