Redwood Family Wealth LLC Invests $657,000 in First Trust Dorsey Wright Focus 5 ETF $FV

Redwood Family Wealth LLC acquired a new stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,435 shares of the company’s stock, valued at approximately $657,000.

A number of other institutional investors have also modified their holdings of FV. NewEdge Advisors LLC raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 11.4% in the third quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock valued at $58,237,000 after buying an additional 96,612 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in First Trust Dorsey Wright Focus 5 ETF by 1.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 565,496 shares of the company’s stock valued at $35,581,000 after buying an additional 8,510 shares in the last quarter. Sard Wealth Management Group LLC grew its stake in First Trust Dorsey Wright Focus 5 ETF by 1.2% during the fourth quarter. Sard Wealth Management Group LLC now owns 470,168 shares of the company’s stock worth $29,583,000 after buying an additional 5,804 shares during the period. Madrona Financial Services LLC grew its stake in First Trust Dorsey Wright Focus 5 ETF by 1.0% during the fourth quarter. Madrona Financial Services LLC now owns 401,734 shares of the company’s stock worth $25,277,000 after buying an additional 4,130 shares during the period. Finally, Private Advisor Group LLC grew its stake in First Trust Dorsey Wright Focus 5 ETF by 25.2% during the fourth quarter. Private Advisor Group LLC now owns 281,906 shares of the company’s stock worth $17,737,000 after buying an additional 56,698 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Price Performance

First Trust Dorsey Wright Focus 5 ETF stock opened at $72.81 on Friday. The firm has a fifty day moving average of $69.20 and a 200-day moving average of $65.78. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $57.00 and a 52-week high of $74.61. The firm has a market capitalization of $3.84 billion, a P/E ratio of 19.48 and a beta of 1.09.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

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

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.