First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Stock Price Up 0.6% – Should You Buy?

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) was up 0.6% during trading on Monday. The stock traded as high as $42.64 and last traded at $42.4420. 5,266 shares were traded during mid-day trading, an increase of 15% from the average session volume of 4,585 shares. The stock had previously closed at $42.19.

First Trust Dorsey Wright Dynamic Focus 5 ETF Price Performance

The stock has a market cap of $110.35 million, a price-to-earnings ratio of 19.13 and a beta of 0.71. The business has a 50-day simple moving average of $42.39 and a two-hundred day simple moving average of $40.95.

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

Several hedge funds have recently bought and sold shares of FVC. Western Wealth Management LLC acquired a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF in the 1st quarter valued at $27,000. Integrated Wealth Concepts LLC bought a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF in the 2nd quarter valued at about $39,000. Fifth Third Bancorp acquired a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF during the first quarter valued at approximately $90,000. NBT Bank N A NY lifted its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 30,608.3% during the 1st 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. Finally, Kestra Advisory Services LLC lifted its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 21.0% in the first quarter. Kestra Advisory Services LLC now owns 16,024 shares of the company’s stock worth $558,000 after acquiring an additional 2,785 shares during the last quarter.

About First Trust Dorsey Wright Dynamic Focus 5 ETF

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.