First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) to Issue Quarterly Dividend of $0.32 on December 31st

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) announced a quarterly dividend on Thursday, December 11th. Shareholders of record on Friday, December 12th will be paid a dividend of 0.3232 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, December 12th. This is a 42.9% increase from First Trust Dorsey Wright Dynamic Focus 5 ETF’s previous quarterly dividend of $0.23.

First Trust Dorsey Wright Dynamic Focus 5 ETF Trading Down 1.7%

NASDAQ:FVC opened at $36.21 on Friday. First Trust Dorsey Wright Dynamic Focus 5 ETF has a twelve month low of $31.90 and a twelve month high of $38.40. The company has a 50-day moving average of $36.08 and a 200-day moving average of $35.86. The firm has a market cap of $110.44 million, a price-to-earnings ratio of 19.13 and a beta of 0.71.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FVC. Cetera Investment Advisers lifted its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 14.0% during the 1st quarter. Cetera Investment Advisers now owns 8,744 shares of the company’s stock valued at $308,000 after acquiring an additional 1,075 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 98.7% during the first quarter. Raymond James Financial Inc. now owns 214,802 shares of the company’s stock worth $7,557,000 after purchasing an additional 106,682 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 466.9% during the second quarter. Farther Finance Advisors LLC now owns 839 shares of the company’s stock valued at $30,000 after purchasing an additional 691 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 76.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 48,059 shares of the company’s stock valued at $1,708,000 after purchasing an additional 20,835 shares during the period. Finally, Trueblood Wealth Management LLC increased its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 9.6% in the 2nd quarter. Trueblood Wealth Management LLC now owns 16,580 shares of the company’s stock worth $589,000 after purchasing an additional 1,458 shares in the last quarter.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum.