First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Stock Price Down 0.4% – Should You Sell?

Shares of First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) fell 0.4% on Monday . The stock traded as low as $40.04 and last traded at $40.04. 3,991 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 5,440 shares. The stock had previously closed at $40.21.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Performance

The stock has a market capitalization of $104.10 million, a P/E ratio of 19.13 and a beta of 0.70. The stock has a 50-day simple moving average of $41.56 and a 200 day simple moving average of $38.72.

First Trust Dorsey Wright Dynamic Focus 5 ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.0006 per share. This represents a $0.00 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, June 25th.

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

Several hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF during the 1st quarter worth about $27,000. Fifth Third Bancorp bought a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the 1st quarter valued at about $90,000. NBT Bank N A NY boosted its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 30,608.3% in the 1st 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 during the last quarter. Jane Street Group LLC acquired a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the 4th quarter worth approximately $535,000. Finally, Kestra Advisory Services LLC grew its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 21.0% during 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 period.

About First Trust Dorsey Wright Dynamic Focus 5 ETF

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.