First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Shares Up 0.8% – Should You Buy?

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC)’s stock price shot up 0.8% during trading on Friday . The company traded as high as $37.59 and last traded at $37.39. 41,007 shares changed hands during trading, an increase of 587% from the average session volume of 5,970 shares. The stock had previously closed at $37.10.

First Trust Dorsey Wright Dynamic Focus 5 ETF Trading Up 0.8%

The company has a market capitalization of $106.56 million, a PE ratio of 19.13 and a beta of 0.71. The business’s fifty day moving average is $37.52 and its two-hundred day moving average is $36.54.

First Trust Dorsey Wright Dynamic Focus 5 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.3232 dividend. This is an increase from First Trust Dorsey Wright Dynamic Focus 5 ETF’s previous quarterly dividend of $0.23. This represents a $1.29 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, December 12th.

Institutional Investors Weigh In On First Trust Dorsey Wright Dynamic Focus 5 ETF

Several institutional investors have recently modified their holdings of the business. Mariner LLC raised its position in First Trust Dorsey Wright Dynamic Focus 5 ETF by 4.9% in the 3rd quarter. Mariner LLC now owns 25,883 shares of the company’s stock worth $934,000 after buying an additional 1,213 shares during the last quarter. Global Retirement Partners LLC boosted its holdings 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 valued at $1,148,000 after acquiring an additional 2,419 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 36.0% in the second quarter. Osaic Holdings Inc. now owns 24,423 shares of the company’s stock worth $868,000 after acquiring an additional 6,467 shares during the period. Holos Integrated Wealth LLC bought a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the fourth quarter worth approximately $279,000. Finally, Prospera Financial Services Inc raised its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 3.7% during the second quarter. Prospera Financial Services Inc now owns 329,537 shares of the company’s stock valued at $11,708,000 after purchasing an additional 11,855 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.