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

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) reached a new 52-week high on Wednesday . The company traded as high as $60.11 and last traded at $60.11, with a volume of 599 shares changing hands. The stock had previously closed at $58.62.

First Trust Dorsey Wright Focus 5 ETF Trading Up 1.6 %

The firm has a market cap of $3.97 billion, a P/E ratio of 16.50 and a beta of 1.07. The stock’s fifty day moving average is $57.60 and its two-hundred day moving average is $56.62.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.0199 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02.

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

Institutional investors have recently modified their holdings of the company. Csenge Advisory Group purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the first quarter valued at approximately $469,000. Envestnet Portfolio Solutions Inc. grew its holdings in First Trust Dorsey Wright Focus 5 ETF by 51.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,869 shares of the company’s stock worth $851,000 after acquiring an additional 5,056 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 2.8% in the first quarter. Oppenheimer & Co. Inc. now owns 27,115 shares of the company’s stock valued at $1,552,000 after acquiring an additional 735 shares during the period. HBK Sorce Advisory LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the first quarter valued at about $267,000. Finally, Trustmark National Bank Trust Department raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 13.9% during the first quarter. Trustmark National Bank Trust Department now owns 16,378 shares of the company’s stock valued at $937,000 after acquiring an additional 2,000 shares during the last quarter.

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.