Northwestern Mutual Wealth Management Co. Raises Position in First Trust Dorsey Wright Focus 5 ETF $FV

Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 61.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 224,743 shares of the company’s stock after acquiring an additional 85,668 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $14,141,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of FV. Elevated Capital Advisors LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at approximately $30,000. EPG Wealth Management LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at approximately $32,000. Asset Dedication LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter valued at approximately $43,000. Burkett Financial Services LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter valued at approximately $51,000. Finally, Laurel Wealth Advisors LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at approximately $53,000.

First Trust Dorsey Wright Focus 5 ETF Trading Up 1.4%

First Trust Dorsey Wright Focus 5 ETF stock opened at $70.75 on Thursday. First Trust Dorsey Wright Focus 5 ETF has a 1-year low of $56.17 and a 1-year high of $70.75. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 19.48 and a beta of 1.08. The firm has a 50 day simple moving average of $64.26 and a 200 day simple moving average of $64.04.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.0514 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, March 26th.

About First Trust Dorsey Wright Focus 5 ETF

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.