Brass Tax Wealth Management Inc. Has $3.87 Million Stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Brass Tax Wealth Management Inc. lifted its position in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,348 shares of the company’s stock after acquiring an additional 531 shares during the quarter. First Trust Dorsey Wright Focus 5 ETF makes up approximately 1.5% of Brass Tax Wealth Management Inc.’s portfolio, making the stock its 17th biggest position. Brass Tax Wealth Management Inc. owned 0.10% of First Trust Dorsey Wright Focus 5 ETF worth $3,866,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FV. International Assets Investment Management LLC raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 7,073.1% in the 3rd quarter. International Assets Investment Management LLC now owns 489,346 shares of the company’s stock worth $28,514,000 after acquiring an additional 482,524 shares in the last quarter. Proactive Wealth Strategies LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth about $16,958,000. Sanctuary Advisors LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter worth about $4,073,000. ORG Partners LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth about $3,536,000. Finally, Raymond James & Associates raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 2.9% in the 3rd quarter. Raymond James & Associates now owns 1,672,261 shares of the company’s stock worth $97,443,000 after acquiring an additional 47,375 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Trading Down 0.3 %

First Trust Dorsey Wright Focus 5 ETF stock traded down $0.17 during midday trading on Friday, reaching $61.60. The stock had a trading volume of 21,991 shares, compared to its average volume of 113,034. First Trust Dorsey Wright Focus 5 ETF has a 12 month low of $49.19 and a 12 month high of $62.82. The company has a market capitalization of $3.99 billion, a P/E ratio of 16.50 and a beta of 1.07. The company has a fifty day moving average price of $59.97 and a two-hundred day moving average price of $57.64.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.0199 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.08 dividend on an annualized basis and a yield of 0.13%. This is an increase 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.