First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Hits New 1-Year High – Should You Buy?

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $63.34 and last traded at $63.5690, with a volume of 152442 shares trading hands. The stock had previously closed at $62.69.

First Trust Dorsey Wright Focus 5 ETF Stock Up 1.4%

The company has a market cap of $3.75 billion, a P/E ratio of 19.48 and a beta of 1.08. The business’s 50 day moving average is $61.60 and its 200 day moving average is $60.59.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.101 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, September 25th. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10.

Hedge Funds Weigh In On First Trust Dorsey Wright Focus 5 ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. CX Institutional purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 2nd quarter valued at $36,000. Asset Dedication LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF in the third quarter valued at about $43,000. Evolution Wealth Management Inc. acquired a new stake in First Trust Dorsey Wright Focus 5 ETF in the second quarter worth about $44,000. Burkett Financial Services LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the third quarter worth about $51,000. Finally, ST Germain D J Co. Inc. purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter valued at approximately $56,000.

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.