First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Stock Price Up 0.8% – Here’s Why

Shares of First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) were up 0.8% during mid-day trading on Friday . The company traded as high as $37.59 and last traded at $37.39. Approximately 41,007 shares traded hands during trading, an increase of 587% from the average daily volume of 5,970 shares. The stock had previously closed at $37.10.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Up 0.8%

The firm has a 50 day moving average price of $37.52 and a 200 day moving average price of $36.54. The stock has a market capitalization of $106.56 million, a PE ratio of 19.13 and a beta of 0.71.

First Trust Dorsey Wright Dynamic Focus 5 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.3232 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Dorsey Wright Dynamic Focus 5 ETF’s previous quarterly dividend of $0.23.

Hedge Funds Weigh In On First Trust Dorsey Wright Dynamic Focus 5 ETF

Institutional investors have recently modified their holdings of the business. Mariner LLC lifted its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 4.9% during the third quarter. Mariner LLC now owns 25,883 shares of the company’s stock worth $934,000 after acquiring an additional 1,213 shares during the period. Global Retirement Partners LLC raised its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 8.2% during the 3rd quarter. Global Retirement Partners LLC now owns 31,820 shares of the company’s stock worth $1,148,000 after purchasing an additional 2,419 shares during the period. Osaic Holdings Inc. raised its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 36.0% during the 2nd quarter. Osaic Holdings Inc. now owns 24,423 shares of the company’s stock worth $868,000 after purchasing an additional 6,467 shares during the period. Holos Integrated Wealth LLC purchased a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the 4th quarter worth about $279,000. Finally, Prospera Financial Services Inc grew its position in First Trust Dorsey Wright Dynamic Focus 5 ETF by 3.7% during the second quarter. Prospera Financial Services Inc now owns 329,537 shares of the company’s stock valued at $11,708,000 after buying an additional 11,855 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.