Koshinski Asset Management Inc. Cuts Position in First Trust Dorsey Wright Focus 5 ETF $FV

Koshinski Asset Management Inc. decreased its position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 9.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 9,579 shares of the company’s stock after selling 955 shares during the period. Koshinski Asset Management Inc.’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of FV. Envestnet Portfolio Solutions Inc. lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 13.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 30,944 shares of the company’s stock valued at $1,698,000 after purchasing an additional 3,593 shares during the last quarter. Valmark Advisers Inc. increased its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 7.2% in the first quarter. Valmark Advisers Inc. now owns 94,417 shares of the company’s stock worth $5,180,000 after purchasing an additional 6,380 shares during the period. Proactive Wealth Strategies LLC increased its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 3.8% in the first quarter. Proactive Wealth Strategies LLC now owns 309,595 shares of the company’s stock worth $16,984,000 after purchasing an additional 11,454 shares during the period. Global Assets Advisory LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the first quarter worth $402,000. Finally, Daymark Wealth Partners LLC increased its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 3.5% in the first quarter. Daymark Wealth Partners LLC now owns 131,765 shares of the company’s stock worth $7,229,000 after purchasing an additional 4,491 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

First Trust Dorsey Wright Focus 5 ETF stock opened at $61.44 on Monday. The stock has a market cap of $3.64 billion, a P/E ratio of 19.48 and a beta of 1.07. 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 firm’s fifty day moving average price is $61.56 and its 200-day moving average price is $58.61.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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

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.