Trueblood Wealth Management LLC Makes New Investment in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Trueblood Wealth Management LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,740 shares of the company’s stock, valued at approximately $554,000.

Other institutional investors have also bought and sold shares of the company. Morgan Stanley boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 7.5% during the 4th quarter. Morgan Stanley now owns 8,374,594 shares of the company’s stock valued at $389,837,000 after purchasing an additional 584,185 shares during the last quarter. MinichMacGregor Wealth Management LLC boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 1,628.9% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 245,800 shares of the company’s stock valued at $10,889,000 after purchasing an additional 231,583 shares during the last quarter. Madrona Financial Services LLC boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 72.8% during the 3rd quarter. Madrona Financial Services LLC now owns 431,645 shares of the company’s stock valued at $19,122,000 after purchasing an additional 181,846 shares during the last quarter. UBS Group AG boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 13.8% during the 1st quarter. UBS Group AG now owns 1,279,544 shares of the company’s stock valued at $60,970,000 after purchasing an additional 155,514 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 76.7% during the 2nd quarter. Baird Financial Group Inc. now owns 310,200 shares of the company’s stock valued at $14,551,000 after purchasing an additional 134,679 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

Shares of FV traded up $0.02 during midday trading on Thursday, hitting $57.23. 141,832 shares of the company traded hands, compared to its average volume of 146,494. The firm has a 50 day moving average of $54.65 and a 200-day moving average of $49.45. First Trust Dorsey Wright Focus 5 ETF has a 52 week low of $41.05 and a 52 week high of $57.55. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 14.01 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd will be issued a dividend of $0.007 per share. This represents a $0.03 annualized dividend and a dividend yield of 0.05%. The ex-dividend date is Thursday, March 21st.

First Trust Dorsey Wright Focus 5 ETF 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.