Raymond James Financial Inc. Invests $157.26 Million in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Raymond James Financial Inc. acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,662,714 shares of the company’s stock, valued at approximately $157,260,000. Raymond James Financial Inc. owned 4.13% of First Trust Dorsey Wright Focus 5 ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Proactive Wealth Strategies LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter valued at $16,958,000. ORG Partners LLC raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 206.6% in the 4th quarter. ORG Partners LLC now owns 186,049 shares of the company’s stock worth $10,988,000 after buying an additional 125,371 shares in the last quarter. Marshall Investment Management LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth $5,390,000. TKG Advisors LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth $3,974,000. Finally, G&S Capital LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth $2,662,000.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.4 %

Shares of First Trust Dorsey Wright Focus 5 ETF stock opened at $56.87 on Friday. The stock’s fifty day moving average is $60.62 and its 200-day moving average is $59.41. The firm has a market capitalization of $3.67 billion, a PE ratio of 18.21 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a 12-month low of $49.73 and a 12-month high of $63.09.

First Trust Dorsey Wright Focus 5 ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.0386 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.