Miracle Mile Advisors LLC Has $3.64 Million Stock Position in First Trust Dorsey Wright Focus 5 ETF $FV

Miracle Mile Advisors LLC reduced its stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 21.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,714 shares of the company’s stock after selling 16,075 shares during the period. Miracle Mile Advisors LLC owned approximately 0.10% of First Trust Dorsey Wright Focus 5 ETF worth $3,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC grew its position in First Trust Dorsey Wright Focus 5 ETF by 85.2% in the first quarter. AQR Capital Management LLC now owns 46,043 shares of the company’s stock valued at $2,526,000 after acquiring an additional 21,179 shares during the period. NewEdge Advisors LLC boosted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 10.3% in the 1st 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. Jones Financial Companies Lllp grew its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 616.0% in the 1st quarter. Jones Financial Companies Lllp now owns 253,922 shares of the company’s stock worth $13,930,000 after purchasing an additional 218,458 shares during the last quarter. Everstar Asset Management LLC acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 1st quarter worth about $855,000. Finally, Jane Street Group LLC lifted its holdings in First Trust Dorsey Wright Focus 5 ETF by 33.0% during the 1st quarter. Jane Street Group LLC now owns 29,687 shares of the company’s stock valued at $1,629,000 after purchasing an additional 7,361 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Down 0.9%

NASDAQ:FV opened at $62.92 on Friday. The firm has a market cap of $3.72 billion, a PE ratio of 19.48 and a beta of 1.08. First Trust Dorsey Wright Focus 5 ETF has a 12 month low of $47.04 and a 12 month high of $63.98. The company’s 50-day moving average price is $61.99 and its two-hundred day moving average price is $61.19.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.1355 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, December 12th. 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.