First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sets New 1-Year High – Time to Buy?

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $74.62 and last traded at $74.47, with a volume of 49946 shares trading hands. The stock had previously closed at $73.23.

First Trust Dorsey Wright Focus 5 ETF Price Performance

The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 19.48 and a beta of 1.09. The firm has a fifty day simple moving average of $70.18 and a 200 day simple moving average of $66.19.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a $0.0761 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, June 25th.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AlphaCore Capital LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth $8,977,000. Benjamin Edwards Inc. lifted its holdings in First Trust Dorsey Wright Focus 5 ETF by 663.4% in the fourth quarter. Benjamin Edwards Inc. now owns 142,054 shares of the company’s stock valued at $8,941,000 after acquiring an additional 123,447 shares during the last quarter. Gateway Wealth Partners LLC grew its position in First Trust Dorsey Wright Focus 5 ETF by 99.2% in the first quarter. Gateway Wealth Partners LLC now owns 214,630 shares of the company’s stock worth $12,972,000 after acquiring an additional 106,877 shares during the period. NewEdge Advisors LLC increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 11.4% during the 3rd quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock worth $58,237,000 after purchasing an additional 96,612 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 61.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 224,743 shares of the company’s stock valued at $14,141,000 after buying an additional 85,668 shares during the period.

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.