Independent Wealth Network Inc. Grows Stock Holdings in First Trust Dorsey Wright Focus 5 ETF $FV

Independent Wealth Network Inc. boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 17.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,082 shares of the company’s stock after purchasing an additional 759 shares during the quarter. Independent Wealth Network Inc.’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $301,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. NewEdge Advisors LLC raised its stake in First Trust Dorsey Wright Focus 5 ETF by 10.3% during the first quarter. NewEdge Advisors LLC now owns 1,122,643 shares of the company’s stock valued at $61,588,000 after purchasing an additional 105,185 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 1.3% in the first quarter. Concurrent Investment Advisors LLC now owns 574,602 shares of the company’s stock valued at $31,523,000 after acquiring an additional 7,624 shares during the period. Cetera Investment Advisers grew its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.1% during the 1st quarter. Cetera Investment Advisers now owns 529,761 shares of the company’s stock worth $29,063,000 after acquiring an additional 6,003 shares in the last quarter. Sard Wealth Management Group LLC grew its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.1% during the 2nd quarter. Sard Wealth Management Group LLC now owns 460,591 shares of the company’s stock worth $27,295,000 after acquiring an additional 5,011 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in First Trust Dorsey Wright Focus 5 ETF by 5,386.0% during the 1st quarter. GAMMA Investing LLC now owns 407,226 shares of the company’s stock worth $22,340,000 after acquiring an additional 399,803 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

NASDAQ:FV opened at $61.78 on Friday. First Trust Dorsey Wright Focus 5 ETF has a fifty-two week low of $47.04 and a fifty-two week high of $63.09. The stock has a market capitalization of $3.77 billion, a P/E ratio of 19.48 and a beta of 1.07. The company’s 50-day simple moving average is $61.19 and its 200-day simple moving average is $57.94.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th will be issued a $0.101 dividend. The ex-dividend date is Thursday, September 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10.

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.