First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sets New 1-Year High – Here’s Why

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) hit a new 52-week high during trading on Wednesday . The stock traded as high as $60.11 and last traded at $60.11, with a volume of 599 shares trading hands. The stock had previously closed at $58.62.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

The company has a market capitalization of $3.97 billion, a PE ratio of 16.50 and a beta of 1.07. The company’s 50-day moving average is $57.60 and its 200 day moving average is $56.62.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.0199 dividend. The ex-dividend date was Thursday, September 26th. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.13%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in FV. First Citizens Bank & Trust Co. grew its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.8% during the third quarter. First Citizens Bank & Trust Co. now owns 10,178 shares of the company’s stock valued at $593,000 after purchasing an additional 178 shares during the period. Simplicity Wealth LLC grew its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 2.6% during the 3rd quarter. Simplicity Wealth LLC now owns 7,649 shares of the company’s stock valued at $446,000 after acquiring an additional 191 shares during the period. Register Financial Advisors LLC increased its holdings in First Trust Dorsey Wright Focus 5 ETF by 11.5% in the 2nd quarter. Register Financial Advisors LLC now owns 1,936 shares of the company’s stock worth $111,000 after acquiring an additional 200 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in First Trust Dorsey Wright Focus 5 ETF by 2.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 9,450 shares of the company’s stock worth $551,000 after acquiring an additional 204 shares during the period. Finally, Assetmark Inc. lifted its holdings in First Trust Dorsey Wright Focus 5 ETF by 6.2% during the third quarter. Assetmark Inc. now owns 3,828 shares of the company’s stock valued at $223,000 after purchasing an additional 224 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Company Profile

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.