Commonwealth Equity Services LLC Lowers Holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC)

Commonwealth Equity Services LLC reduced its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,352 shares of the company’s stock after selling 1,093 shares during the quarter. Commonwealth Equity Services LLC owned 0.44% of First Trust Dorsey Wright Dynamic Focus 5 ETF worth $598,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Independent Advisor Alliance acquired a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the 4th quarter worth about $243,000. Proactive Wealth Strategies LLC raised its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 6.0% during the fourth quarter. Proactive Wealth Strategies LLC now owns 8,206 shares of the company’s stock valued at $300,000 after acquiring an additional 465 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 50.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 9,519 shares of the company’s stock valued at $348,000 after acquiring an additional 3,209 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 266.9% in the third quarter. Jane Street Group LLC now owns 29,598 shares of the company’s stock worth $1,060,000 after acquiring an additional 21,531 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 14,279.5% during the fourth quarter. Global Retirement Partners LLC now owns 30,197 shares of the company’s stock worth $1,104,000 after purchasing an additional 29,987 shares in the last quarter.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Performance

NASDAQ FVC opened at $33.44 on Friday. First Trust Dorsey Wright Dynamic Focus 5 ETF has a one year low of $30.39 and a one year high of $39.21. The business has a fifty day moving average price of $36.45 and a 200 day moving average price of $36.66. The company has a market cap of $125.40 million, a P/E ratio of 19.22 and a beta of 0.80.

First Trust Dorsey Wright Dynamic Focus 5 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.1174 dividend. This is an increase from First Trust Dorsey Wright Dynamic Focus 5 ETF’s previous quarterly dividend of $0.05. This represents a $0.47 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, March 27th.

About First Trust Dorsey Wright Dynamic Focus 5 ETF

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.