Marshall Investment Management LLC Reduces Stock Position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Marshall Investment Management LLC cut its holdings in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 39.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,604 shares of the company’s stock after selling 36,900 shares during the quarter. First Trust Dorsey Wright Focus 5 ETF makes up approximately 1.9% of Marshall Investment Management LLC’s holdings, making the stock its 17th largest holding. Marshall Investment Management LLC owned about 0.09% of First Trust Dorsey Wright Focus 5 ETF worth $3,050,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. World Investment Advisors grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 7.6% in the 4th quarter. World Investment Advisors now owns 29,701 shares of the company’s stock worth $1,754,000 after acquiring an additional 2,086 shares in the last quarter. Thoroughbred Financial Services LLC grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 2.7% in the 4th quarter. Thoroughbred Financial Services LLC now owns 9,874 shares of the company’s stock worth $583,000 after acquiring an additional 262 shares in the last quarter. Smith Moore & CO. grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 1.7% in the 4th quarter. Smith Moore & CO. now owns 35,238 shares of the company’s stock worth $2,081,000 after acquiring an additional 600 shares in the last quarter. Concentrum Wealth Management grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 3.6% in the 4th quarter. Concentrum Wealth Management now owns 159,253 shares of the company’s stock worth $9,405,000 after acquiring an additional 5,576 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth approximately $661,000.

First Trust Dorsey Wright Focus 5 ETF Trading Down 0.5%

Shares of FV opened at $61.03 on Tuesday. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 19.48 and a beta of 1.07. The stock has a 50 day moving average of $58.69 and a 200-day moving average of $57.68. First Trust Dorsey Wright Focus 5 ETF has a 52 week low of $47.04 and a 52 week high of $63.09.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a dividend of $0.096 per share. The ex-dividend date was Thursday, June 26th. This represents a $0.38 dividend on an annualized basis and a yield of 0.63%. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.06.

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.