First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Shares Down 0.1% – Time to Sell?

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC)’s stock price fell 0.1% during mid-day trading on Thursday . The company traded as low as $36.33 and last traded at $36.33. 2,193 shares changed hands during trading, a decline of 82% from the average session volume of 12,183 shares. The stock had previously closed at $36.38.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Performance

The stock has a market capitalization of $157.17 million, a price-to-earnings ratio of 13.85 and a beta of 0.80. The company has a fifty day simple moving average of $35.05 and a two-hundred day simple moving average of $34.53.

First Trust Dorsey Wright Dynamic Focus 5 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.0524 dividend. This represents a $0.21 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, September 26th.

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

An institutional investor recently raised its position in First Trust Dorsey Wright Dynamic Focus 5 ETF stock. World Equity Group Inc. grew its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) by 9.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,164 shares of the company’s stock after purchasing an additional 1,169 shares during the period. World Equity Group Inc. owned about 0.29% of First Trust Dorsey Wright Dynamic Focus 5 ETF worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum.