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

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)’s share price hit a new 52-week high on Tuesday . The company traded as high as $63.78 and last traded at $63.71, with a volume of 13461 shares changing hands. The stock had previously closed at $63.67.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

The firm has a market cap of $3.77 billion, a P/E ratio of 19.48 and a beta of 1.08. The business’s 50-day simple moving average is $61.81 and its 200 day simple moving average is $60.98.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a $0.1355 dividend. The ex-dividend date of this dividend is Friday, December 12th. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. This represents a $0.54 annualized dividend and a dividend yield of 0.8%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 616.0% in the first quarter. Jones Financial Companies Lllp now owns 253,922 shares of the company’s stock worth $13,930,000 after buying an additional 218,458 shares during the last quarter. Geneos Wealth Management Inc. raised its position in First Trust Dorsey Wright Focus 5 ETF by 171.5% in the second quarter. Geneos Wealth Management Inc. now owns 247,068 shares of the company’s stock worth $14,641,000 after acquiring an additional 156,052 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in First Trust Dorsey Wright Focus 5 ETF by 1,587.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 129,940 shares of the company’s stock worth $7,700,000 after acquiring an additional 122,238 shares during the period. NewEdge Advisors LLC boosted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 10.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,122,643 shares of the company’s stock worth $61,588,000 after acquiring an additional 105,185 shares during the last quarter. Finally, Gateway Wealth Partners LLC grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 359.6% during the 3rd quarter. Gateway Wealth Partners LLC now owns 108,446 shares of the company’s stock valued at $6,715,000 after acquiring an additional 84,850 shares during the period.

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.