First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Hits New 12-Month High – Should You Buy?

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $61.90 and last traded at $61.90, with a volume of 3553 shares trading hands. The stock had previously closed at $61.16.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07. The business’s 50 day moving average is $58.86 and its 200 day moving average is $57.16.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Thursday, September 26th. This is a boost 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

A number of institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings 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 valued at $28,514,000 after acquiring an additional 482,524 shares in the last quarter. Cetera Investment Advisers boosted its position in First Trust Dorsey Wright Focus 5 ETF by 311.9% during the first quarter. Cetera Investment Advisers now owns 535,013 shares of the company’s stock valued at $30,619,000 after purchasing an additional 405,129 shares during the last quarter. Proactive Wealth Strategies LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the third quarter valued at about $16,958,000. Sanctuary Advisors LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter worth about $4,073,000. Finally, ORG Partners LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth about $3,536,000.

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.