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

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) reached 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. The stock had previously closed at $61.16.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

The company has a market cap of $3.98 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07. The company’s 50 day moving average price is $58.86 and its 200 day moving average price 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. Shareholders of record on Thursday, September 26th were given a dividend of $0.0199 per share. This represents a $0.08 annualized dividend and a yield of 0.13%. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the third quarter worth $29,000. Sound Income Strategies LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF during the second quarter valued at about $39,000. Truvestments Capital LLC acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the third quarter valued at about $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the second quarter worth about $86,000.

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.