The landscape of institutional investment in the First Trust Dorsey Wright Focus 5 ETF, commonly traded as FV on the NASDAQ, has seen notable adjustments during recent quarters, reflecting strategic portfolio rebalancing among various wealth management entities.
Sound View Wealth Advisors Group LLC, a prominent player in the financial markets, significantly reduced its exposure to the First Trust Dorsey Wright Focus 5 ETF during the first quarter. Reports indicate a substantial 45.3% decrease in their stake, resulting from the sale of 3,063 shares. Following this divestiture, Sound View Wealth Advisors Group LLC now holds 3,699 shares of FV, with this institutional holding valued at $203,000 by the close of the most recent quarter, showcasing a clear shift in their investment strategy.
Conversely, the same period also witnessed several other large investors initiating or expanding their positions in the First Trust Dorsey Wright Focus 5 ETF. For instance, Park Square Financial Group LLC established a new stake in FV during the fourth quarter, with their newly acquired shares valued at $28,000. Similarly, MorganRosel Wealth Management LLC also entered the ETF investment arena by acquiring a new stake in FV in the first quarter, mirroring the same valuation of $28,000.
This trend of new institutional interest continued with Olde Wealth Management LLC, which secured a new stake in the First Trust Dorsey Wright Focus 5 ETF during the first quarter, representing a holding worth $43,000. South Plains Financial Inc. further diversified its portfolio by acquiring a new stake in FV in the fourth quarter, with their investment valued at $44,000, underscoring the ETF’s appeal across various financial institutions.
Adding to the dynamic activity, Quest 10 Wealth Builders Inc. markedly increased its existing position in the First Trust Dorsey Wright Focus 5 ETF, demonstrating strong confidence in the fund’s prospects. Their holdings grew by an impressive 82.2% in the first quarter, as they purchased an additional 609 shares. Quest 10 Wealth Builders Inc. now commands 1,350 shares of FV, with their stake valued at $74,000, highlighting a significant expansion of their institutional holdings in this particular ETF.
From a market performance perspective, the First Trust Dorsey Wright Focus 5 ETF opened at $59.72 on a recent Friday. The fund’s technical indicators suggest a stable trajectory, with a fifty-day simple moving average of $58.96 and a two-hundred-day simple moving average of $57.74. Over the past twelve months, FV has experienced price fluctuations between a low of $47.04 and a high of $63.09, indicating its historical volatility within the financial markets.
As for its fundamental financial health, the First Trust Dorsey Wright Focus 5 ETF boasts a robust market capitalization of $3.66 billion. It also presents a P/E ratio of 19.48 and a beta of 1.07, providing valuable metrics for comprehensive stock analysis. The First Trust Dorsey Wright Focus 5 ETF (FV) itself is an exchange-traded fund primarily focused on total market equity investment, designed to track an equal-weighted index of US and global ETFs issued by First Trust. Established on March 6, 2014, and managed by First Trust, its unique strategy involves selecting five ETFs based on relative price momentum, a key aspect of its investment thesis.
These shifts in institutional holdings provide critical insights into current market sentiment and the strategic adjustments being made by wealth management firms. Monitoring such movements offers valuable data for investors seeking to understand the evolving landscape of ETF investment and the specific dynamics surrounding NASDAQ FV.
