Proactive Wealth Strategies LLC Invests $277,000 in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC)

Proactive Wealth Strategies LLC bought a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) during the third quarter, Holdings Channel reports. The firm bought 7,741 shares of the company’s stock, valued at approximately $277,000.

Separately, World Equity Group Inc. grew its position in First Trust Dorsey Wright Dynamic Focus 5 ETF by 9.7% in the 2nd quarter. World Equity Group Inc. now owns 13,164 shares of the company’s stock worth $464,000 after purchasing an additional 1,169 shares during the last quarter.

First Trust Dorsey Wright Dynamic Focus 5 ETF Price Performance

NASDAQ FVC opened at $37.78 on Tuesday. The firm has a market capitalization of $151.10 million, a price-to-earnings ratio of 13.85 and a beta of 0.80. The company’s fifty day moving average is $35.67 and its two-hundred day moving average is $34.87. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 52-week low of $30.39 and a 52-week high of $37.81.

First Trust Dorsey Wright Dynamic Focus 5 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.0524 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.21 annualized dividend and a yield of 0.55%.

About First Trust Dorsey Wright Dynamic Focus 5 ETF

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.