Oppenheimer & Co. Inc. Decreases Position in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC)

Oppenheimer & Co. Inc. trimmed its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,400 shares of the company’s stock after selling 2,351 shares during the period. Oppenheimer & Co. Inc. owned about 0.54% of First Trust Dorsey Wright Dynamic Focus 5 ETF worth $767,000 at the end of the most recent reporting period.

Separately, Proactive Wealth Strategies LLC purchased a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the third quarter worth $277,000.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Up 0.5 %

Shares of FVC opened at $36.71 on Wednesday. The stock has a market capitalization of $146.84 million, a P/E ratio of 13.85 and a beta of 0.80. First Trust Dorsey Wright Dynamic Focus 5 ETF has a twelve month low of $30.39 and a twelve month high of $37.81. The firm has a fifty day simple moving average of $36.04 and a two-hundred day simple moving average of $35.03.

First Trust Dorsey Wright Dynamic Focus 5 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.0524 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.57%.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile

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.