First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Large Volume Increase – Should You Buy?

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw strong trading volume on Monday . 271,310 shares traded hands during mid-day trading, an increase of 96% from the previous session’s volume of 138,522 shares.The stock last traded at $55.97 and had previously closed at $55.36.

First Trust Dorsey Wright Focus 5 ETF Stock Down 1.0 %

The stock has a market cap of $3.58 billion, a PE ratio of 18.21 and a beta of 1.07. The company has a fifty day moving average price of $59.95 and a 200 day moving average price of $59.37.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

Large investors have recently modified their holdings of the business. Fisher Asset Management LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the third quarter worth about $264,000. Benjamin Edwards Inc. grew its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 5,608.3% in the third quarter. Benjamin Edwards Inc. now owns 20,607 shares of the company’s stock worth $1,201,000 after purchasing an additional 20,246 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 40.1% in the third quarter. Avior Wealth Management LLC now owns 2,311 shares of the company’s stock worth $135,000 after purchasing an additional 661 shares during the last quarter. Garden State Investment Advisory Services LLC grew its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 2.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 35,845 shares of the company’s stock worth $2,089,000 after purchasing an additional 724 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 12.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,087 shares of the company’s stock worth $419,000 after purchasing an additional 812 shares during the last quarter.

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.