First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Large Volume Increase – Should You Buy?

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw strong trading volume on Thursday. Approximately 147,045 shares changed hands during mid-day trading, an increase of 44% from the previous session’s volume of 101,937 shares. The stock last traded at $73.8280 and had previously closed at $73.39.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.4%

The stock’s fifty day moving average price is $72.56 and its 200 day moving average price is $69.81. The stock has a market cap of $4.69 billion, a PE ratio of 19.48 and a beta of 1.09.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

Large investors have recently made changes to their positions in the stock. Washington Trust Advisors Inc. purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the 2nd quarter valued at $35,000. TD Capital Management LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth $50,000. Bartlett & CO. Wealth Management LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF in the 1st quarter worth $64,000. Bullseye Investment Management LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the second quarter valued at $114,000. Finally, MCF Advisors LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the second quarter valued at $154,000.

First Trust Dorsey Wright Focus 5 ETF Company Profile

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.