First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Strong Trading Volume – What’s Next?

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) shares saw strong trading volume on Tuesday . 170,293 shares were traded during mid-day trading, an increase of 43% from the previous session’s volume of 118,970 shares.The stock last traded at $62.79 and had previously closed at $62.53.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07. The company has a 50-day moving average of $60.94 and a 200-day moving average of $58.94.

First Trust Dorsey Wright Focus 5 ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.0386 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 4th quarter worth approximately $157,260,000. International Assets Investment Management LLC boosted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 7,073.1% during the 3rd quarter. International Assets Investment Management LLC now owns 489,346 shares of the company’s stock worth $28,514,000 after acquiring an additional 482,524 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 4th quarter worth approximately $20,823,000. Independent Advisor Alliance purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 4th quarter worth approximately $20,243,000. Finally, Proactive Wealth Strategies LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter worth approximately $16,958,000.

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.