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

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw unusually-strong trading volume on Thursday. Approximately 147,045 shares were traded during trading, an increase of 44% from the previous session’s volume of 101,937 shares. The stock last traded at $73.8280 and had previously closed at $73.39.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

The stock has a market capitalization of $4.69 billion, a P/E ratio of 19.48 and a beta of 1.09. The company’s 50-day moving average price is $72.56 and its 200 day moving average price is $69.81.

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

A number of hedge funds have recently made changes to their positions in FV. Washington Trust Advisors Inc. bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the second quarter worth about $35,000. TD Capital Management LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth approximately $50,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the first quarter valued at approximately $64,000. Bullseye Investment Management LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the second quarter worth $114,000. Finally, MCF Advisors LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the second quarter worth $154,000.

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.