First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sets New 52-Week High – Time to Buy?

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) hit a new 52-week high during trading on Tuesday . The stock traded as high as $63.78 and last traded at $63.71, with a volume of 13461 shares. The stock had previously closed at $63.67.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

The stock has a market capitalization of $3.76 billion, a PE ratio of 19.48 and a beta of 1.08. The stock’s 50 day moving average is $61.74 and its two-hundred day moving average is $60.92.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a $0.1355 dividend. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.54 annualized dividend and a dividend yield of 0.9%.

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

Several large investors have recently made changes to their positions in FV. CX Institutional acquired a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the second quarter worth approximately $36,000. Asset Dedication LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter valued at $43,000. Evolution Wealth Management Inc. bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter valued at $44,000. Burkett Financial Services LLC acquired a new stake in First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth $51,000. Finally, ST Germain D J Co. Inc. acquired a new stake in First Trust Dorsey Wright Focus 5 ETF during the third quarter worth about $56,000.

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.