Apollon Wealth Management LLC Trims Position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Apollon Wealth Management LLC trimmed its stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 22.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 77,522 shares of the company’s stock after selling 22,239 shares during the period. Apollon Wealth Management LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $4,517,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sound Income Strategies LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the second quarter worth $39,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in First Trust Dorsey Wright Focus 5 ETF during the 2nd quarter valued at $86,000. Zions Bancorporation N.A. purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter valued at $86,000. Finally, Register Financial Advisors LLC raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 11.5% in the 2nd quarter. Register Financial Advisors LLC now owns 1,936 shares of the company’s stock worth $111,000 after acquiring an additional 200 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of FV stock opened at $60.87 on Wednesday. The stock’s 50-day moving average is $57.88 and its 200 day moving average is $56.81. First Trust Dorsey Wright Focus 5 ETF has a 1-year low of $44.26 and a 1-year high of $61.41. The company has a market cap of $3.94 billion, a P/E ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.0199 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.13%. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02.

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.