First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Reaches New 12-Month High – What’s Next?

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) reached a new 52-week high during trading on Tuesday . The stock traded as high as $63.78 and last traded at $63.71, with a volume of 13461 shares trading hands. The stock had previously closed at $63.67.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.1%

The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 19.48 and a beta of 1.08. The business’s 50-day moving average is $61.74 and its 200-day moving average is $60.92.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a dividend of $0.1355 per share. This represents a $0.54 annualized dividend and a yield of 0.9%. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, December 12th.

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

Several hedge funds have recently bought and sold shares of FV. Jones Financial Companies Lllp increased its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 616.0% in the 1st quarter. Jones Financial Companies Lllp now owns 253,922 shares of the company’s stock valued at $13,930,000 after purchasing an additional 218,458 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in First Trust Dorsey Wright Focus 5 ETF by 171.5% in the second quarter. Geneos Wealth Management Inc. now owns 247,068 shares of the company’s stock valued at $14,641,000 after purchasing an additional 156,052 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 1,587.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 129,940 shares of the company’s stock valued at $7,700,000 after buying an additional 122,238 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 10.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,122,643 shares of the company’s stock worth $61,588,000 after buying an additional 105,185 shares during the period. Finally, Gateway Wealth Partners LLC raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 359.6% during the 3rd quarter. Gateway Wealth Partners LLC now owns 108,446 shares of the company’s stock worth $6,715,000 after buying an additional 84,850 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.