First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Trading Down 0.4% – Here’s What Happened

Shares of First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) traded down 0.4% during mid-day trading on Monday . The company traded as low as $40.04 and last traded at $40.04. 3,991 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 5,440 shares. The stock had previously closed at $40.21.

First Trust Dorsey Wright Dynamic Focus 5 ETF Trading Down 0.4%

The business’s fifty day simple moving average is $41.56 and its 200 day simple moving average is $38.72. The stock has a market cap of $104.10 million, a price-to-earnings ratio of 19.13 and a beta of 0.70.

First Trust Dorsey Wright Dynamic Focus 5 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.0006 dividend. This represents a $0.00 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, June 25th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FVC. Western Wealth Management LLC bought a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF in the first quarter valued at about $27,000. Fifth Third Bancorp bought a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF during the first quarter worth about $90,000. NBT Bank N A NY boosted its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 30,608.3% during the first quarter. NBT Bank N A NY now owns 11,055 shares of the company’s stock worth $385,000 after buying an additional 11,019 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the 4th quarter worth about $535,000. Finally, Kestra Advisory Services LLC grew its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 21.0% during the 1st quarter. Kestra Advisory Services LLC now owns 16,024 shares of the company’s stock worth $558,000 after buying an additional 2,785 shares during the period.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile

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. FVC was launched on Mar 18, 2016 and is managed by First Trust.