LPL Financial LLC Reduces Position in First Trust Dorsey Wright Focus 5 ETF $FV

LPL Financial LLC lessened its position in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 7.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,155,628 shares of the company’s stock after selling 311,143 shares during the quarter. LPL Financial LLC owned about 7.50% of First Trust Dorsey Wright Focus 5 ETF worth $261,471,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FV. AQR Capital Management LLC lifted its position in First Trust Dorsey Wright Focus 5 ETF by 85.2% during the 1st quarter. AQR Capital Management LLC now owns 46,043 shares of the company’s stock worth $2,526,000 after acquiring an additional 21,179 shares during the period. Jane Street Group LLC lifted its position in First Trust Dorsey Wright Focus 5 ETF by 33.0% during the 1st quarter. Jane Street Group LLC now owns 29,687 shares of the company’s stock worth $1,629,000 after acquiring an additional 7,361 shares during the period. Qube Research & Technologies Ltd lifted its position in First Trust Dorsey Wright Focus 5 ETF by 16.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 21,142 shares of the company’s stock worth $1,253,000 after acquiring an additional 2,976 shares during the period. Quantinno Capital Management LP lifted its position in First Trust Dorsey Wright Focus 5 ETF by 15.0% during the 2nd quarter. Quantinno Capital Management LP now owns 5,168 shares of the company’s stock worth $306,000 after acquiring an additional 673 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its position in First Trust Dorsey Wright Focus 5 ETF by 3.3% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 7,655 shares of the company’s stock worth $454,000 after acquiring an additional 244 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Trading Down 0.6%

First Trust Dorsey Wright Focus 5 ETF stock opened at $72.15 on Wednesday. First Trust Dorsey Wright Focus 5 ETF has a twelve month low of $57.00 and a twelve month high of $74.61. The stock has a 50 day moving average of $67.33 and a two-hundred day moving average of $65.15. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 19.48 and a beta of 1.09.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.0514 per share. This represents a $0.21 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, March 26th.

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.