First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Shares Climb 0.6% – Still a Buy?

Shares of First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC – Get Free Report) shot up 0.6% during mid-day trading on Monday. The stock traded as high as $42.64 and last traded at $42.4420. Approximately 5,266 shares traded hands during trading, an increase of 15% from the average daily volume of 4,585 shares. The stock had previously closed at $42.19.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Performance

The firm’s fifty day simple moving average is $42.39 and its 200-day simple moving average is $40.95. The stock has a market cap of $110.35 million, a P/E ratio of 19.13 and a beta of 0.71.

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

Large investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the 1st quarter valued at $27,000. Integrated Wealth Concepts LLC acquired a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF during the 2nd quarter valued at about $39,000. Fifth Third Bancorp bought a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF during the first quarter worth $90,000. NBT Bank N A NY lifted its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 30,608.3% during the first quarter. NBT Bank N A NY now owns 11,055 shares of the company’s stock valued at $385,000 after purchasing an additional 11,019 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its stake in shares of 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 worth $558,000 after buying an additional 2,785 shares during the last quarter.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile

(Get Free Report)

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.

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