First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sets New 52-Week High – Here’s Why

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $61.90 and last traded at $61.90, with a volume of 3553 shares changing hands. The stock had previously closed at $61.16.

First Trust Dorsey Wright Focus 5 ETF Price Performance

The stock’s fifty day moving average is $58.74 and its 200-day moving average is $57.11. The stock has a market cap of $4.01 billion, a PE ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FV. International Assets Investment Management LLC boosted its stake in First Trust Dorsey Wright Focus 5 ETF by 7,073.1% during the third quarter. International Assets Investment Management LLC now owns 489,346 shares of the company’s stock worth $28,514,000 after buying an additional 482,524 shares during the period. Cetera Investment Advisers boosted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 311.9% in the first quarter. Cetera Investment Advisers now owns 535,013 shares of the company’s stock valued at $30,619,000 after purchasing an additional 405,129 shares during the period. Proactive Wealth Strategies LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the third quarter valued at approximately $16,958,000. Sanctuary Advisors LLC acquired a new stake in First Trust Dorsey Wright Focus 5 ETF in the second quarter valued at approximately $4,073,000. Finally, ORG Partners LLC acquired a new stake in First Trust Dorsey Wright Focus 5 ETF in the third quarter valued at approximately $3,536,000.

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.