Ergawealth Advisors Inc. Purchases New Stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Ergawealth Advisors Inc. purchased a new stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,609 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in First Trust Dorsey Wright Focus 5 ETF by 1.0% during the second quarter. LPL Financial LLC now owns 4,211,170 shares of the company’s stock valued at $241,157,000 after purchasing an additional 39,720 shares during the last quarter. Raymond James & Associates increased its stake in First Trust Dorsey Wright Focus 5 ETF by 2.9% during the third quarter. Raymond James & Associates now owns 1,672,261 shares of the company’s stock valued at $97,443,000 after purchasing an additional 47,375 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in First Trust Dorsey Wright Focus 5 ETF by 1.4% during the second quarter. Concurrent Investment Advisors LLC now owns 556,185 shares of the company’s stock valued at $31,851,000 after purchasing an additional 7,569 shares during the last quarter. Cetera Investment Advisers increased its stake in First Trust Dorsey Wright Focus 5 ETF by 311.9% during the first quarter. Cetera Investment Advisers now owns 535,013 shares of the company’s stock valued at $30,619,000 after purchasing an additional 405,129 shares during the last quarter. Finally, Madrona Financial Services LLC increased its stake in First Trust Dorsey Wright Focus 5 ETF by 5.0% during the third quarter. Madrona Financial Services LLC now owns 511,831 shares of the company’s stock valued at $29,824,000 after purchasing an additional 24,263 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Price Performance

FV stock opened at $58.19 on Friday. First Trust Dorsey Wright Focus 5 ETF has a 1-year low of $41.05 and a 1-year high of $60.06. The firm has a fifty day moving average price of $57.16 and a two-hundred day moving average price of $56.33. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.0199 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.08 annualized dividend and a dividend yield of 0.14%. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02.

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.