NewEdge Advisors LLC lessened its stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV – Free Report) by 40.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 549,888 shares of the company’s stock after selling 379,808 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $33,234,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Elevated Capital Advisors LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth $30,000. EPG Wealth Management LLC acquired a new stake in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter valued at $32,000. TD Capital Management LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at $50,000. Laurel Wealth Advisors LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at $53,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the first quarter valued at $64,000.
First Trust Dorsey Wright Focus 5 ETF Stock Performance
Shares of First Trust Dorsey Wright Focus 5 ETF stock opened at $72.54 on Friday. The firm has a 50-day simple moving average of $72.03 and a two-hundred day simple moving average of $67.71. The company has a market cap of $3.77 billion, a P/E ratio of 19.48 and a beta of 1.09. First Trust Dorsey Wright Focus 5 ETF has a fifty-two week low of $58.33 and a fifty-two week high of $76.08.
First Trust Dorsey Wright Focus 5 ETF Increases Dividend
First Trust Dorsey Wright Focus 5 ETF 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.
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