First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Shares Climb 0.6% – Here’s What Happened

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC)’s stock price was up 0.6% during trading on Monday. The stock traded as high as $42.64 and last traded at $42.4420. 5,266 shares changed hands during trading, an increase of 15% from the average session volume of 4,585 shares. The stock had previously closed at $42.19.

First Trust Dorsey Wright Dynamic Focus 5 ETF Trading Up 0.8%

The stock’s fifty day moving average is $42.41 and its two-hundred day moving average is $41.01. The firm has a market cap of $112.77 million, a P/E ratio of 19.13 and a beta of 0.71.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 10.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 29,640 shares of the company’s stock worth $1,032,000 after buying an additional 2,800 shares during the last quarter. Kestra Advisory Services LLC raised its position in 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 purchasing an additional 2,785 shares during the period. NBT Bank N A NY lifted its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 30,608.3% in the first quarter. NBT Bank N A NY now owns 11,055 shares of the company’s stock worth $385,000 after purchasing an additional 11,019 shares during the last quarter. Fifth Third Bancorp bought a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF in the first quarter worth $90,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF during the second quarter valued at about $39,000.

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.