First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Shares Down 0.5% – Here’s What Happened

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV)’s stock price traded down 0.5% during mid-day trading on Monday. The stock traded as low as $23.98 and last traded at $24.03. Approximately 10,256 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 54,329 shares. The stock had previously closed at $24.15.

First Trust Dorsey Wright International Focus 5 ETF Price Performance

The business has a fifty day moving average price of $25.50 and a 200 day moving average price of $26.37. The company has a market capitalization of $210.26 million, a price-to-earnings ratio of 13.24 and a beta of 0.76.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.0940 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.38 dividend on an annualized basis and a yield of 1.6%. This is a drop from First Trust Dorsey Wright International Focus 5 ETF’s previous quarterly dividend of $0.2505.

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

Large investors have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new position in shares of First Trust Dorsey Wright International Focus 5 ETF during the first quarter valued at approximately $73,000. D.A. Davidson & CO. bought a new stake in First Trust Dorsey Wright International Focus 5 ETF during the first quarter worth approximately $202,000. Kestra Advisory Services LLC raised its holdings in First Trust Dorsey Wright International Focus 5 ETF by 23.3% during the first quarter. Kestra Advisory Services LLC now owns 23,235 shares of the company’s stock worth $587,000 after purchasing an additional 4,387 shares in the last quarter. Royal Bank of Canada lifted its position in First Trust Dorsey Wright International Focus 5 ETF by 126.9% in the first quarter. Royal Bank of Canada now owns 28,681 shares of the company’s stock worth $725,000 after purchasing an additional 16,040 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in First Trust Dorsey Wright International Focus 5 ETF by 2.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 43,584 shares of the company’s stock worth $1,082,000 after purchasing an additional 936 shares during the period.

About First Trust Dorsey Wright International Focus 5 ETF

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.