First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Trading Down 1.6% – Here’s Why

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC)’s stock price dropped 1.6% during trading on Monday . The company traded as low as $33.81 and last traded at $33.81. Approximately 925 shares were traded during trading, a decline of 88% from the average daily volume of 7,585 shares. The stock had previously closed at $34.36.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Performance

The firm has a market capitalization of $96.36 million, a price-to-earnings ratio of 19.13 and a beta of 0.71. The firm’s 50-day moving average price is $37.00 and its two-hundred day moving average price is $36.61.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. grew its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 62.0% in the 2nd quarter. Raymond James Financial Inc. now owns 348,035 shares of the company’s stock valued at $12,366,000 after purchasing an additional 133,233 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 146.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 32,160 shares of the company’s stock worth $1,143,000 after buying an additional 19,137 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 375.6% during the 3rd quarter. Susquehanna International Group LLP now owns 28,196 shares of the company’s stock worth $1,017,000 after buying an additional 22,268 shares during the period. Mariner LLC boosted its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 4.9% in the 3rd quarter. Mariner LLC now owns 25,883 shares of the company’s stock valued at $934,000 after buying an additional 1,213 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in First Trust Dorsey Wright Dynamic Focus 5 ETF by 36.0% in the second quarter. Osaic Holdings Inc. now owns 24,423 shares of the company’s stock valued at $868,000 after acquiring an additional 6,467 shares during the period.

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.