First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Unusually-High Trading Volume – Time to Buy?

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw an uptick in trading volume on Wednesday . 946,914 shares traded hands during trading, an increase of 316% from the previous session’s volume of 227,704 shares.The stock last traded at $66.8750 and had previously closed at $66.34.

First Trust Dorsey Wright Focus 5 ETF Price Performance

The firm has a market capitalization of $3.81 billion, a P/E ratio of 19.48 and a beta of 1.08. The firm’s fifty day moving average price is $63.14 and its 200-day moving average price is $61.93.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

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

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.