First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Reaches New 1-Year High – Here’s Why

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)’s share price reached a new 52-week high on Thursday . The company traded as high as $62.86 and last traded at $62.62, with a volume of 116658 shares changing hands. The stock had previously closed at $62.04.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

The company’s 50 day simple moving average is $60.81 and its 200-day simple moving average is $58.44. The firm has a market capitalization of $4.04 billion, a PE ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.0386 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

Hedge funds have recently bought and sold shares of the company. Crews Bank & Trust bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth $27,000. Wilmington Savings Fund Society FSB purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter valued at about $29,000. Sound Income Strategies LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter valued at approximately $30,000. Grove Bank & Trust purchased a new stake in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth approximately $30,000. Finally, Truvestments Capital LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth approximately $45,000.

About First Trust Dorsey Wright Focus 5 ETF

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.