First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Reaches New 12-Month High – Still a Buy?

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) reached a new 52-week high on Tuesday . The stock traded as high as $69.93 and last traded at $69.78, with a volume of 96298 shares. The stock had previously closed at $68.90.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

The company has a market cap of $3.68 billion, a P/E ratio of 19.48 and a beta of 1.08. The firm has a 50 day moving average price of $63.43 and a two-hundred day moving average price of $63.65.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.0514 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.21 annualized dividend and a dividend yield of 0.3%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FV. AQR Capital Management LLC grew its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 85.2% during the 1st quarter. AQR Capital Management LLC now owns 46,043 shares of the company’s stock worth $2,526,000 after acquiring an additional 21,179 shares during the period. Jane Street Group LLC grew its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 33.0% during the 1st quarter. Jane Street Group LLC now owns 29,687 shares of the company’s stock worth $1,629,000 after acquiring an additional 7,361 shares during the period. Qube Research & Technologies Ltd boosted its stake in First Trust Dorsey Wright Focus 5 ETF by 16.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 21,142 shares of the company’s stock worth $1,253,000 after purchasing an additional 2,976 shares during the period. Quantinno Capital Management LP boosted its stake in First Trust Dorsey Wright Focus 5 ETF by 15.0% in the 2nd quarter. Quantinno Capital Management LP now owns 5,168 shares of the company’s stock worth $306,000 after purchasing an additional 673 shares during the period. Finally, Ausdal Financial Partners Inc. boosted its stake in First Trust Dorsey Wright Focus 5 ETF by 3.3% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 7,655 shares of the company’s stock worth $454,000 after purchasing an additional 244 shares during the period.

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.