First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Hits New 1-Year Low – Time to Sell?

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $49.38 and last traded at $50.44, with a volume of 98196 shares changing hands. The stock had previously closed at $52.64.

First Trust Dorsey Wright Focus 5 ETF Stock Down 5.7 %

The firm’s fifty day moving average price is $58.60 and its 200 day moving average price is $59.36. The stock has a market cap of $3.15 billion, a PE ratio of 18.97 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.0618 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC grew its holdings in First Trust Dorsey Wright Focus 5 ETF by 3.3% during the 3rd quarter. FMR LLC now owns 13,734 shares of the company’s stock valued at $800,000 after purchasing an additional 438 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 5,608.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 20,607 shares of the company’s stock worth $1,201,000 after buying an additional 20,246 shares during the period. HighTower Advisors LLC grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 2.4% during the 3rd quarter. HighTower Advisors LLC now owns 191,525 shares of the company’s stock worth $11,167,000 after buying an additional 4,439 shares in the last quarter. Quantinno Capital Management LP bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter worth $262,000. Finally, Citizens Business Bank purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the third quarter valued at $484,000.

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.