First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Shares Up 0.2% – Should You Buy?

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) shot up 0.2% on Monday . The stock traded as high as $42.07 and last traded at $41.93. Approximately 3,653 shares were traded during trading, a decline of 28% from the average daily volume of 5,075 shares. The stock had previously closed at $41.85.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Performance

The company’s fifty day moving average price is $41.53 and its 200-day moving average price is $39.05. The stock has a market cap of $109.82 million, a P/E ratio of 19.13 and a beta of 0.71.

First Trust Dorsey Wright Dynamic Focus 5 ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.0006 per share. This represents a $0.00 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, June 25th.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Western Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the 1st quarter worth approximately $27,000. Geneos Wealth Management Inc. increased its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 10.4% in the first quarter. Geneos Wealth Management Inc. now owns 29,640 shares of the company’s stock worth $1,032,000 after purchasing an additional 2,800 shares during the period. Fifth Third Bancorp bought a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the first quarter worth $90,000. Kestra Advisory Services LLC lifted its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 21.0% during the first quarter. Kestra Advisory Services LLC now owns 16,024 shares of the company’s stock worth $558,000 after purchasing an additional 2,785 shares during the last quarter. Finally, NBT Bank N A NY lifted its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 30,608.3% during the first quarter. NBT Bank N A NY now owns 11,055 shares of the company’s stock worth $385,000 after purchasing an additional 11,019 shares during the last quarter.

About First Trust Dorsey Wright Dynamic Focus 5 ETF

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.