PNC Financial Services Group Inc. Decreases Position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

PNC Financial Services Group Inc. reduced its position in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,279 shares of the company’s stock after selling 1,836 shares during the period. PNC Financial Services Group Inc.’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $375,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Creekmur Asset Management LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth about $36,000. Tortoise Investment Management LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at approximately $40,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at approximately $41,000. Partnership Wealth Management LLC acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at approximately $49,000. Finally, Twin Lakes Capital Management LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the third quarter worth approximately $57,000.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.2 %

Shares of NASDAQ:FV opened at $57.27 on Friday. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $41.05 and a 52-week high of $57.97. The stock has a market cap of $3.80 billion, a P/E ratio of 16.50 and a beta of 1.07. The business has a fifty day moving average of $55.98 and a two-hundred day moving average of $54.54.

First Trust Dorsey Wright Focus 5 ETF Announces Dividend

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

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.