First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Stock Price Up 0.2% – What’s Next?

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) shares shot up 0.2% on Monday . The company traded as high as $42.07 and last traded at $41.93. Approximately 3,653 shares traded hands during trading, a decline of 28% from the average session volume of 5,075 shares. The stock had previously closed at $41.85.

First Trust Dorsey Wright Dynamic Focus 5 ETF Trading Up 0.2%

The firm’s fifty day moving average price is $41.53 and its 200 day moving average price is $39.03. The stock has a market capitalization of $109.02 million, a price-to-earnings ratio of 19.13 and a beta of 0.71.

First Trust Dorsey Wright Dynamic Focus 5 ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.0006 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.00 dividend on an annualized basis and a yield of 0.0%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Western Wealth Management LLC purchased a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the 1st quarter valued at $27,000. Fifth Third Bancorp purchased a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF during the 1st quarter valued at about $90,000. NBT Bank N A NY boosted its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 30,608.3% during the 1st quarter. NBT Bank N A NY now owns 11,055 shares of the company’s stock valued at $385,000 after acquiring an additional 11,019 shares during the period. Jane Street Group LLC acquired a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF in the 4th quarter valued at about $535,000. Finally, Kestra Advisory Services LLC grew its position in First Trust Dorsey Wright Dynamic Focus 5 ETF by 21.0% in the 1st quarter. Kestra Advisory Services LLC now owns 16,024 shares of the company’s stock valued at $558,000 after acquiring an additional 2,785 shares in the last quarter.

About First Trust Dorsey Wright Dynamic Focus 5 ETF

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.