First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Reaches New 1-Year High – Should You Buy?

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)’s share price hit a new 52-week high on Monday . The stock traded as high as $74.62 and last traded at $74.47, with a volume of 49946 shares. The stock had previously closed at $73.23.

First Trust Dorsey Wright Focus 5 ETF Price Performance

The stock has a 50-day moving average price of $70.60 and a 200-day moving average price of $66.36. The company has a market capitalization of $3.93 billion, a P/E ratio of 19.48 and a beta of 1.09.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.0761 per share. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05.

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

A number of institutional investors have recently modified their holdings of FV. QP Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the fourth quarter valued at approximately $2,379,000. Flagship Harbor Advisors LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth about $1,018,000. Savvy Advisors Inc. lifted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 200.6% during the 4th quarter. Savvy Advisors Inc. now owns 21,721 shares of the company’s stock worth $1,367,000 after buying an additional 14,494 shares in the last quarter. AlphaCore Capital LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth $8,977,000. Finally, Marshall Investment Management LLC grew its position in First Trust Dorsey Wright Focus 5 ETF by 41.6% during the third quarter. Marshall Investment Management LLC now owns 52,785 shares of the company’s stock valued at $3,268,000 after buying an additional 15,507 shares during the period.

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.