First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Reaches New 52-Week High – Should You Buy?

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)’s share price hit a new 52-week high on Monday . The stock traded as high as $59.88 and last traded at $59.86, with a volume of 61245 shares. The stock had previously closed at $59.39.

First Trust Dorsey Wright Focus 5 ETF Price Performance

The business’s 50-day moving average price is $56.47 and its two-hundred day moving average price is $56.22. The company has a market capitalization of $3.83 billion, a P/E ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.0199 dividend. The ex-dividend date was Thursday, September 26th. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.14%.

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

Institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth approximately $30,000. Creekmur Asset Management LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth about $36,000. EverSource Wealth Advisors LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF in the second quarter valued at approximately $39,000. Benjamin Edwards Inc. raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 47.8% in the 1st quarter. Benjamin Edwards Inc. now owns 711 shares of the company’s stock valued at $41,000 after purchasing an additional 230 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the 2nd quarter valued at about $86,000.

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.