First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Hits New 12-Month High – Here’s What Happened

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $68.16 and last traded at $66.8450, with a volume of 25189 shares traded. The stock had previously closed at $67.79.

First Trust Dorsey Wright Focus 5 ETF Stock Down 1.8%

The stock has a 50 day moving average of $64.29 and a 200 day moving average of $62.31. The firm has a market cap of $3.70 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 company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.1355 per share. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.8%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 171.5% during the second quarter. Geneos Wealth Management Inc. now owns 247,068 shares of the company’s stock worth $14,641,000 after purchasing an additional 156,052 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 1,587.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 129,940 shares of the company’s stock worth $7,700,000 after buying an additional 122,238 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 11.4% during the 3rd quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock worth $58,237,000 after buying an additional 96,612 shares during the last quarter. Gateway Wealth Partners LLC boosted its stake in First Trust Dorsey Wright Focus 5 ETF by 359.6% in the third quarter. Gateway Wealth Partners LLC now owns 108,446 shares of the company’s stock valued at $6,715,000 after buying an additional 84,850 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in First Trust Dorsey Wright Focus 5 ETF in the second quarter valued at about $4,305,000.

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.