First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sets New 52-Week High – Time to Buy?

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) hit a new 52-week high during trading on Thursday . The stock traded as high as $68.16 and last traded at $66.8450, with a volume of 25189 shares changing hands. The stock had previously closed at $67.79.

First Trust Dorsey Wright Focus 5 ETF Price Performance

The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 19.48 and a beta of 1.08. The stock’s 50 day simple moving average is $63.96 and its 200-day simple moving average is $62.23.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.1355 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, December 12th. This is a boost 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 have recently bought and sold shares of FV. Commonwealth Equity Services LLC increased its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 0.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,853,870 shares of the company’s stock valued at $169,120,000 after acquiring an additional 8,043 shares during the last quarter. NewEdge Advisors LLC boosted its position in First Trust Dorsey Wright Focus 5 ETF by 11.4% during the third quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock worth $58,237,000 after purchasing an additional 96,612 shares during the period. Prospera Financial Services Inc grew its holdings in First Trust Dorsey Wright Focus 5 ETF by 2.7% during the second quarter. Prospera Financial Services Inc now owns 812,251 shares of the company’s stock valued at $48,139,000 after purchasing an additional 21,728 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 2.8% in the second quarter. Osaic Holdings Inc. now owns 805,352 shares of the company’s stock valued at $47,729,000 after purchasing an additional 21,720 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 0.4% in the second quarter. Concurrent Investment Advisors LLC now owns 576,838 shares of the company’s stock valued at $34,183,000 after purchasing an additional 2,236 shares during the period.

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.