First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Large Volume Increase – What’s Next?

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) shares saw unusually-high trading volume on Wednesday . Approximately 946,914 shares were traded during trading, an increase of 316% from the previous session’s volume of 227,704 shares.The stock last traded at $66.8750 and had previously closed at $66.34.

First Trust Dorsey Wright Focus 5 ETF Price Performance

The stock has a market capitalization of $3.81 billion, a P/E ratio of 19.48 and a beta of 1.08. The stock’s fifty day moving average is $63.14 and its two-hundred day moving average is $61.93.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.1355 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10.

Institutional Investors Weigh In On First Trust Dorsey Wright Focus 5 ETF

Several hedge funds have recently modified their holdings of FV. Flagship Harbor Advisors LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth about $1,018,000. Sound Income Strategies LLC raised its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 995.9% during the fourth quarter. Sound Income Strategies LLC now owns 5,589 shares of the company’s stock valued at $376,000 after acquiring an additional 5,079 shares during the period. Trueblood Wealth Management LLC raised its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 6.0% during the fourth quarter. Trueblood Wealth Management LLC now owns 24,895 shares of the company’s stock valued at $1,566,000 after acquiring an additional 1,406 shares during the period. Savvy Advisors Inc. lifted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 200.6% in the 4th quarter. Savvy Advisors Inc. now owns 21,721 shares of the company’s stock valued at $1,367,000 after acquiring an additional 14,494 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at approximately $78,000.

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.