First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Shares Sold by Raymond James & Associates

Posted by Logan Wallace on Nov 6th, 2024

Raymond James & Associates lowered its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC – Free Report) by 6.0% in the third quarter, Holdings Channel reports. The institutional investor owned 68,411 shares of the company’s stock after selling 4,346 shares during the quarter. Raymond James & Associates’ holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF were worth $2,450,000 at the end of the most recent quarter.

Separately, World Equity Group Inc. increased its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 9.7% during the 2nd quarter. World Equity Group Inc. now owns 13,164 shares of the company’s stock worth $464,000 after buying an additional 1,169 shares during the last quarter.

First Trust Dorsey Wright Dynamic Focus 5 ETF Price Performance

Shares of NASDAQ FVC opened at $35.98 on Wednesday. The company has a 50 day simple moving average of $35.45 and a 200-day simple moving average of $34.74. The company has a market capitalization of $143.92 million, a P/E ratio of 13.85 and a beta of 0.80. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 1 year low of $30.27 and a 1 year high of $36.97.

First Trust Dorsey Wright Dynamic Focus 5 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.0524 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.58%.

About First Trust Dorsey Wright Dynamic Focus 5 ETF

(Free Report)

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum.