First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Large Volume Increase – Here’s What Happened

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) shares saw unusually-high trading volume on Thursday . Approximately 193,085 shares traded hands during mid-day trading, an increase of 69% from the previous session’s volume of 114,215 shares.The stock last traded at $50.85 and had previously closed at $52.97.

First Trust Dorsey Wright Focus 5 ETF Price Performance

The firm has a market capitalization of $3.24 billion, a P/E ratio of 16.71 and a beta of 1.07. The business has a 50 day moving average price of $57.43 and a 200 day moving average price of $59.11.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently declared 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 was Thursday, March 27th. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.48%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in First Trust Dorsey Wright Focus 5 ETF by 6.6% during the fourth quarter. LPL Financial LLC now owns 4,465,129 shares of the company’s stock valued at $263,711,000 after purchasing an additional 277,315 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 1.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,849,421 shares of the company’s stock valued at $168,287,000 after purchasing an additional 36,184 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth $157,260,000. Bank of America Corp DE lifted its position in First Trust Dorsey Wright Focus 5 ETF by 0.6% during the 4th quarter. Bank of America Corp DE now owns 1,674,187 shares of the company’s stock valued at $98,878,000 after purchasing an additional 9,409 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in First Trust Dorsey Wright Focus 5 ETF by 2.5% in the fourth quarter. NewEdge Advisors LLC now owns 1,017,458 shares of the company’s stock valued at $60,091,000 after buying an additional 24,439 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.