First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Increases Dividend to $0.25 Per Share

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) declared a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be given a dividend of 0.2505 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 2,779.3% increase from First Trust Dorsey Wright International Focus 5 ETF’s previous quarterly dividend of $0.0087.

First Trust Dorsey Wright International Focus 5 ETF Stock Performance

NASDAQ:IFV traded up $0.20 during mid-day trading on Thursday, hitting $26.92. 30,679 shares of the company’s stock traded hands, compared to its average volume of 58,098. The company has a market cap of $240.93 million, a PE ratio of 13.24 and a beta of 0.74. The firm’s 50 day simple moving average is $27.63 and its 200 day simple moving average is $26.50. First Trust Dorsey Wright International Focus 5 ETF has a 1 year low of $22.55 and a 1 year high of $28.70.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Advisory Services Network LLC purchased a new stake in First Trust Dorsey Wright International Focus 5 ETF in the 3rd quarter valued at approximately $30,000. Fifth Third Bancorp acquired a new stake in First Trust Dorsey Wright International Focus 5 ETF during the 1st quarter valued at $73,000. Aptus Capital Advisors LLC increased its position in First Trust Dorsey Wright International Focus 5 ETF by 4,435.6% during the fourth quarter. Aptus Capital Advisors LLC now owns 4,082 shares of the company’s stock worth $101,000 after buying an additional 3,992 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in First Trust Dorsey Wright International Focus 5 ETF during the third quarter worth $147,000. Finally, D.A. Davidson & CO. purchased a new position in First Trust Dorsey Wright International Focus 5 ETF during the first quarter worth $202,000.

About First Trust Dorsey Wright International Focus 5 ETF

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.