First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Stock Price Up 0.1% – Here’s Why

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) shares shot up 0.1% during trading on Tuesday . The stock traded as high as $24.25 and last traded at $24.20. 12,595 shares traded hands during trading, a decline of 69% from the average session volume of 40,560 shares. The stock had previously closed at $24.17.

First Trust Dorsey Wright International Focus 5 ETF Trading Up 0.1%

The stock has a 50-day simple moving average of $24.30 and a two-hundred day simple moving average of $23.58. The firm has a market capitalization of $179.08 million, a P/E ratio of 13.24 and a beta of 0.75.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.0689 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.28 annualized dividend and a dividend yield of 1.1%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Capital Management Investments LLC purchased a new position in First Trust Dorsey Wright International Focus 5 ETF during the 2nd quarter valued at about $29,000. Advisory Services Network LLC purchased a new stake in shares of First Trust Dorsey Wright International Focus 5 ETF in the 3rd quarter worth approximately $30,000. Founders Financial Alliance LLC boosted its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 62.4% during the third quarter. Founders Financial Alliance LLC now owns 1,626 shares of the company’s stock valued at $40,000 after purchasing an additional 625 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in First Trust Dorsey Wright International Focus 5 ETF during the second quarter valued at approximately $77,000. Finally, Ameritas Advisory Services LLC bought a new position in First Trust Dorsey Wright International Focus 5 ETF in the second quarter worth approximately $125,000.

First Trust Dorsey Wright International Focus 5 ETF Company Profile

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.