Raymond James Trust N.A. Sells 1,255 Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Raymond James Trust N.A. trimmed its stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 23.2% during the second quarter, Holdings Channel reports. The fund owned 4,150 shares of the company’s stock after selling 1,255 shares during the quarter. Raymond James Trust N.A.’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $238,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Creekmur Asset Management LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth approximately $36,000. Tortoise Investment Management LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth approximately $40,000. Benjamin Edwards Inc. increased its position in First Trust Dorsey Wright Focus 5 ETF by 47.8% in the 1st quarter. Benjamin Edwards Inc. now owns 711 shares of the company’s stock worth $41,000 after buying an additional 230 shares during the period. Partnership Wealth Management LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth approximately $49,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter worth approximately $86,000.

First Trust Dorsey Wright Focus 5 ETF Stock Down 0.8 %

Shares of NASDAQ FV opened at $56.36 on Thursday. The business’s 50 day moving average is $56.34 and its two-hundred day moving average is $55.90. The company has a market cap of $3.70 billion, a P/E ratio of 16.50 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a 12 month low of $41.05 and a 12 month high of $59.85.

First Trust Dorsey Wright Focus 5 ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.0167 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Thursday, June 27th.

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.