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

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) shares saw strong trading volume on Wednesday . 204,925 shares were traded during mid-day trading, an increase of 75% from the previous session’s volume of 116,854 shares.The stock last traded at $52.29 and had previously closed at $52.26.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.4 %

The company’s 50 day moving average is $56.21 and its 200 day moving average is $58.84. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 16.71 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.0618 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. This represents a $0.25 annualized dividend and a dividend yield of 0.48%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tudor Financial Inc. bought a new stake in First Trust Dorsey Wright Focus 5 ETF during the third quarter worth about $562,000. World Investment Advisors LLC increased its stake in First Trust Dorsey Wright Focus 5 ETF by 81.2% in the third quarter. World Investment Advisors LLC now owns 27,615 shares of the company’s stock valued at $1,609,000 after acquiring an additional 12,377 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the third quarter valued at approximately $29,000. Garden State Investment Advisory Services LLC lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 2.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 35,845 shares of the company’s stock worth $2,089,000 after purchasing an additional 724 shares during the last quarter. Finally, Brass Tax Wealth Management Inc. boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 0.8% in the 3rd quarter. Brass Tax Wealth Management Inc. now owns 66,348 shares of the company’s stock valued at $3,866,000 after purchasing an additional 531 shares in the last quarter.

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.