First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Shares Up 0.8% – Should You Buy?

Shares of First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) traded up 0.8% during mid-day trading on Friday . The stock traded as high as $37.59 and last traded at $37.39. 41,007 shares changed hands during mid-day trading, an increase of 587% from the average session volume of 5,970 shares. The stock had previously closed at $37.10.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Performance

The firm has a market cap of $106.56 million, a P/E ratio of 19.13 and a beta of 0.71. The business’s 50-day simple moving average is $37.52 and its 200 day simple moving average is $36.54.

First Trust Dorsey Wright Dynamic Focus 5 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.3232 dividend. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Dorsey Wright Dynamic Focus 5 ETF’s previous quarterly dividend of $0.23. This represents a $1.29 annualized dividend and a dividend yield of 3.5%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FVC. Mariner LLC boosted its position in First Trust Dorsey Wright Dynamic Focus 5 ETF by 4.9% in the third quarter. Mariner LLC now owns 25,883 shares of the company’s stock worth $934,000 after purchasing an additional 1,213 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 8.2% in the 3rd quarter. Global Retirement Partners LLC now owns 31,820 shares of the company’s stock worth $1,148,000 after purchasing an additional 2,419 shares during the period. Osaic Holdings Inc. lifted its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 36.0% in the 2nd quarter. Osaic Holdings Inc. now owns 24,423 shares of the company’s stock worth $868,000 after purchasing an additional 6,467 shares during the period. Holos Integrated Wealth LLC purchased a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the fourth quarter worth approximately $279,000. Finally, Prospera Financial Services Inc boosted its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 3.7% in the second quarter. Prospera Financial Services Inc now owns 329,537 shares of the company’s stock worth $11,708,000 after buying an additional 11,855 shares during the last quarter.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum. FVC was launched on Mar 18, 2016 and is managed by First Trust.