First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Hits New 12-Month High – Here’s Why

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) hit a new 52-week high on Wednesday . The company traded as high as $70.66 and last traded at $70.59, with a volume of 3709 shares changing hands. The stock had previously closed at $69.80.

First Trust Dorsey Wright Focus 5 ETF Trading Up 1.1%

The stock has a 50-day simple moving average of $64.10 and a two-hundred day simple moving average of $63.97. The firm has a market capitalization of $3.72 billion, a P/E ratio of 19.48 and a beta of 1.08.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.0514 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.21 dividend on an annualized basis and a yield of 0.3%.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Elevated Capital Advisors LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF during the 4th quarter valued at $30,000. EPG Wealth Management LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth $32,000. Asset Dedication LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth $43,000. TD Capital Management LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth $50,000. Finally, Burkett Financial Services LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth $51,000.

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.