Affinity Wealth Management LLC Sells 15,504 Shares of First Trust Dorsey Wright Focus 5 ETF $FV

Affinity Wealth Management LLC lowered its stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 12.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,958 shares of the company’s stock after selling 15,504 shares during the period. First Trust Dorsey Wright Focus 5 ETF accounts for 1.0% of Affinity Wealth Management LLC’s holdings, making the stock its 25th largest holding. Affinity Wealth Management LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $6,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ameritas Advisory Services LLC lifted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 88.2% in the 3rd quarter. Ameritas Advisory Services LLC now owns 23,922 shares of the company’s stock valued at $1,481,000 after acquiring an additional 11,213 shares during the last quarter. Savvy Advisors Inc. grew its position in First Trust Dorsey Wright Focus 5 ETF by 7.9% during the 3rd quarter. Savvy Advisors Inc. now owns 7,227 shares of the company’s stock worth $447,000 after acquiring an additional 530 shares during the last quarter. Waterfront Wealth Inc. increased its holdings in First Trust Dorsey Wright Focus 5 ETF by 0.8% in the 3rd quarter. Waterfront Wealth Inc. now owns 31,662 shares of the company’s stock worth $1,957,000 after purchasing an additional 238 shares in the last quarter. Gateway Wealth Partners LLC raised its position in First Trust Dorsey Wright Focus 5 ETF by 359.6% in the third quarter. Gateway Wealth Partners LLC now owns 108,446 shares of the company’s stock valued at $6,715,000 after purchasing an additional 84,850 shares during the last quarter. Finally, SPC Financial Inc. raised its position in First Trust Dorsey Wright Focus 5 ETF by 3.7% in the third quarter. SPC Financial Inc. now owns 138,427 shares of the company’s stock valued at $8,571,000 after purchasing an additional 4,973 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Trading Up 0.8%

NASDAQ:FV opened at $65.01 on Friday. The stock’s 50-day moving average is $65.04 and its 200-day moving average is $62.67. First Trust Dorsey Wright Focus 5 ETF has a 1-year low of $47.04 and a 1-year high of $68.16. The stock has a market cap of $3.60 billion, a P/E ratio of 19.48 and a beta of 1.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.1355 per share. The ex-dividend date was Friday, December 12th. This represents a $0.54 annualized dividend and a yield of 0.8%. This is a boost 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.