First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Hits New 12-Month High – What’s Next?

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $67.14 and last traded at $67.1240, with a volume of 13749 shares trading hands. The stock had previously closed at $66.39.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

The company has a market cap of $3.83 billion, a price-to-earnings ratio of 19.48 and a beta of 1.08. The firm’s 50-day moving average price is $62.68 and its 200 day moving average price is $61.71.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.1355 per share. This represents a $0.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10.

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

Institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 0.3% in the second quarter. Commonwealth Equity Services LLC now owns 2,853,870 shares of the company’s stock valued at $169,120,000 after buying an additional 8,043 shares during the period. NewEdge Advisors LLC increased its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 11.4% in the 3rd quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock valued at $58,237,000 after acquiring an additional 96,612 shares during the last quarter. Prospera Financial Services Inc raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 2.7% in the 2nd quarter. Prospera Financial Services Inc now owns 812,251 shares of the company’s stock valued at $48,139,000 after acquiring an additional 21,728 shares during the period. Osaic Holdings Inc. boosted its stake in First Trust Dorsey Wright Focus 5 ETF by 2.8% during the 2nd quarter. Osaic Holdings Inc. now owns 805,352 shares of the company’s stock worth $47,729,000 after acquiring an additional 21,720 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in First Trust Dorsey Wright Focus 5 ETF by 0.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 576,838 shares of the company’s stock worth $34,183,000 after acquiring an additional 2,236 shares during the last quarter.

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.