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

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) reached a new 52-week high on Monday . The stock traded as high as $59.88 and last traded at $59.86, with a volume of 61245 shares trading hands. The stock had previously closed at $59.39.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

The firm’s 50-day moving average is $56.47 and its 200 day moving average is $56.22. The firm has a market capitalization of $3.83 billion, a PE ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.0199 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.14%. 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.

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

Hedge funds have recently made changes to their positions in the business. LPL Financial LLC boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 1.0% in the second quarter. LPL Financial LLC now owns 4,211,170 shares of the company’s stock worth $241,157,000 after acquiring an additional 39,720 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 1.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 556,185 shares of the company’s stock valued at $31,851,000 after purchasing an additional 7,569 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 311.9% during the 1st quarter. Cetera Investment Advisers now owns 535,013 shares of the company’s stock valued at $30,619,000 after buying an additional 405,129 shares during the period. Madrona Financial Services LLC increased its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 1.7% during the 1st quarter. Madrona Financial Services LLC now owns 497,964 shares of the company’s stock worth $28,499,000 after buying an additional 8,214 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 0.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 406,934 shares of the company’s stock worth $23,304,000 after buying an additional 1,070 shares during the period.

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.