First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Reaches New 52-Week High – What’s Next?

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) reached a new 52-week high during trading on Monday . The company traded as high as $59.88 and last traded at $59.86, with a volume of 61245 shares. The stock had previously closed at $59.39.

First Trust Dorsey Wright Focus 5 ETF Trading Up 0.9 %

The stock has a market capitalization of $3.89 billion, a P/E ratio of 16.50 and a beta of 1.07. The stock’s fifty day moving average price is $56.17 and its two-hundred day moving average price is $56.19.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.0199 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.13%. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On First Trust Dorsey Wright Focus 5 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FV. Muirfield Wealth Advisors LLC raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.4% in the 3rd quarter. Muirfield Wealth Advisors LLC now owns 52,745 shares of the company’s stock worth $3,073,000 after purchasing an additional 708 shares in the last quarter. ORG Partners LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth $3,536,000. Sound Income Strategies LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth $30,000. Ballew Advisors Inc raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 3.2% in the 3rd quarter. Ballew Advisors Inc now owns 19,566 shares of the company’s stock worth $1,150,000 after purchasing an additional 601 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 9.6% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 75,898 shares of the company’s stock worth $4,423,000 after purchasing an additional 6,675 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Company 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.