First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Hits New 52-Week High – Should You Buy?

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV – Get Free Report) hit a new 52-week high during trading on Wednesday. The company traded as high as $76.14 and last traded at $76.0790, with a volume of 21,330 shares trading hands. The stock had previously closed at $75.46.

First Trust Dorsey Wright Focus 5 ETF Trading Up 0.7%

The company has a market capitalization of $3.95 billion, a P/E ratio of 19.48 and a beta of 1.09. The company’s fifty day moving average is $73.66 and its 200 day moving average is $69.30.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

A number of institutional investors have recently added to or reduced their stakes in FV. Morey & Quinn Wealth Partners LLC boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 1.8% in the third quarter. Morey & Quinn Wealth Partners LLC now owns 53,784 shares of the company’s stock valued at $3,948,000 after acquiring an additional 928 shares during the period. D.A. Davidson & CO. purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter valued at $28,490,000. VestGen Advisors LLC grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 0.5% during the 3rd quarter. VestGen Advisors LLC now owns 46,184 shares of the company’s stock valued at $3,390,000 after purchasing an additional 214 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the third quarter worth $51,000. Finally, Oakworth Capital Inc. bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the third quarter worth $220,000.

About First Trust Dorsey Wright Focus 5 ETF

(Get Free Report)

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.

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