First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Reaches New 1-Year High – Time to Buy?

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)’s share price hit a new 52-week high on Friday . The stock traded as high as $64.07 and last traded at $64.0610, with a volume of 139510 shares changing hands. The stock had previously closed at $62.92.

First Trust Dorsey Wright Focus 5 ETF Trading Up 1.7%

The firm has a 50-day moving average price of $61.99 and a 200-day moving average price of $61.19. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 19.48 and a beta of 1.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.1355 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, December 12th. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10.

Hedge Funds Weigh In On First Trust Dorsey Wright Focus 5 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FV. Commonwealth Equity Services LLC increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 0.3% in the second quarter. Commonwealth Equity Services LLC now owns 2,853,870 shares of the company’s stock worth $169,120,000 after acquiring an additional 8,043 shares in the last quarter. NewEdge Advisors LLC grew its stake in First Trust Dorsey Wright Focus 5 ETF by 10.3% in the first quarter. NewEdge Advisors LLC now owns 1,122,643 shares of the company’s stock valued at $61,588,000 after purchasing an additional 105,185 shares in the last quarter. Prospera Financial Services Inc increased its holdings in First Trust Dorsey Wright Focus 5 ETF by 2.7% in the second quarter. Prospera Financial Services Inc now owns 812,251 shares of the company’s stock worth $48,139,000 after buying an additional 21,728 shares during the last quarter. Osaic Holdings Inc. raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 2.8% during the second quarter. Osaic Holdings Inc. now owns 805,352 shares of the company’s stock valued at $47,729,000 after buying an additional 21,720 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in First Trust Dorsey Wright Focus 5 ETF by 0.4% during the second quarter. Concurrent Investment Advisors LLC now owns 576,838 shares of the company’s stock valued at $34,183,000 after purchasing an additional 2,236 shares during the last quarter.

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.