Sun Financial Inc Makes New Investment in First Trust Dorsey Wright Dynamic Focus 5 ETF $FVC

Sun Financial Inc purchased a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 23,667 shares of the company’s stock, valued at approximately $861,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FVC. Raymond James Financial Inc. increased its position in First Trust Dorsey Wright Dynamic Focus 5 ETF by 62.0% in the second quarter. Raymond James Financial Inc. now owns 348,035 shares of the company’s stock worth $12,366,000 after buying an additional 133,233 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 146.9% in the second quarter. Geneos Wealth Management Inc. now owns 32,160 shares of the company’s stock worth $1,143,000 after acquiring an additional 19,137 shares during the period. Osaic Holdings Inc. boosted its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 36.0% in the second quarter. Osaic Holdings Inc. now owns 24,423 shares of the company’s stock worth $868,000 after acquiring an additional 6,467 shares during the period. Global Retirement Partners LLC boosted its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 8.2% in the third quarter. Global Retirement Partners LLC now owns 31,820 shares of the company’s stock worth $1,148,000 after acquiring an additional 2,419 shares during the period. Finally, Mariner LLC boosted its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 4.9% in the third quarter. Mariner LLC now owns 25,883 shares of the company’s stock worth $934,000 after acquiring an additional 1,213 shares during the period.

First Trust Dorsey Wright Dynamic Focus 5 ETF Price Performance

NASDAQ FVC opened at $38.50 on Monday. The firm has a market cap of $103.95 million, a price-to-earnings ratio of 19.13 and a beta of 0.70. The business has a 50-day moving average price of $36.34 and a 200-day moving average price of $36.70. First Trust Dorsey Wright Dynamic Focus 5 ETF has a twelve month low of $31.90 and a twelve month high of $39.06.

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. FVC was launched on Mar 18, 2016 and is managed by First Trust.