Oppenheimer & Co. Inc. Has $820,000 Stake in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC)

Posted by Defense World Staff on May 12th, 2023

Oppenheimer & Co. Inc. trimmed its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC – Get Rating) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,427 shares of the company’s stock after selling 414 shares during the period. Oppenheimer & Co. Inc. owned about 0.30% of First Trust Dorsey Wright Dynamic Focus 5 ETF worth $820,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FVC. Commonwealth Equity Services LLC increased its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 86.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 184,717 shares of the company’s stock valued at $6,467,000 after buying an additional 85,669 shares during the last quarter. LPL Financial LLC increased its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 10.6% in the 4th quarter. LPL Financial LLC now owns 690,307 shares of the company’s stock valued at $24,171,000 after buying an additional 66,321 shares during the last quarter. IFP Advisors Inc increased its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 54.0% in the 4th quarter. IFP Advisors Inc now owns 4,696 shares of the company’s stock valued at $132,000 after buying an additional 1,646 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 32.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 35,261 shares of the company’s stock valued at $1,235,000 after buying an additional 8,616 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 350.0% in the 4th quarter. Bank of Montreal Can now owns 14,106 shares of the company’s stock valued at $497,000 after buying an additional 10,971 shares during the last quarter.

First Trust Dorsey Wright Dynamic Focus 5 ETF Trading Down 0.5 %

Shares of FVC stock opened at $32.24 on Friday. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 1 year low of $30.12 and a 1 year high of $37.52. The firm’s fifty day moving average price is $32.53 and its two-hundred day moving average price is $33.78. The firm has a market capitalization of $245.02 million, a P/E ratio of 10.63 and a beta of 0.80.

First Trust Dorsey Wright Dynamic Focus 5 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Monday, March 27th were given a $0.153 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Friday, March 24th.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile

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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.