First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Stock Price Down 0.3% – Time to Sell?

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) fell 0.3% during mid-day trading on Monday . The stock traded as low as $35.18 and last traded at $35.62. 5,088 shares were traded during trading, a decline of 2% from the average session volume of 5,204 shares. The stock had previously closed at $35.74.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Down 0.1%

The business’s 50 day simple moving average is $37.76 and its 200 day simple moving average is $36.71. The stock has a market cap of $102.63 million, a price-to-earnings ratio of 19.13 and a beta of 0.71.

First Trust Dorsey Wright Dynamic Focus 5 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.3232 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Dorsey Wright Dynamic Focus 5 ETF’s previous quarterly dividend of $0.23.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of FVC. Raymond James Financial Inc. raised its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 62.0% in the second quarter. Raymond James Financial Inc. now owns 348,035 shares of the company’s stock valued at $12,366,000 after buying an additional 133,233 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 146.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 32,160 shares of the company’s stock worth $1,143,000 after acquiring an additional 19,137 shares during the period. Global Retirement Partners LLC boosted its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 8.2% during the 3rd quarter. Global Retirement Partners LLC now owns 31,820 shares of the company’s stock worth $1,148,000 after acquiring an additional 2,419 shares during the period. Susquehanna International Group LLP increased its holdings 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 acquiring an additional 22,268 shares during the last quarter. Finally, Mariner LLC increased its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 4.9% during the 3rd quarter. Mariner LLC now owns 25,883 shares of the company’s stock worth $934,000 after acquiring an additional 1,213 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.