First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Hits New 52-Week High – Should You Buy?

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) hit a new 52-week high during trading on Wednesday. The stock traded as high as $76.14 and last traded at $76.0790, with a volume of 21,330 shares changing hands. The stock had previously closed at $75.46.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.7%

The business’s 50-day moving average is $73.66 and its two-hundred day moving average is $69.30. The company has a market capitalization of $3.95 billion, a P/E ratio of 19.48 and a beta of 1.09.

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

Institutional investors have recently modified their holdings of the business. American National Bank & Trust bought a new position in First Trust Dorsey Wright Focus 5 ETF during the third quarter valued at about $34,000. Washington Trust Advisors Inc. purchased a new stake in First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter worth about $35,000. Laurel Wealth Advisors LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter valued at about $51,000. Bartlett & CO. Wealth Management LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the 1st quarter valued at about $64,000. Finally, Bullseye Investment Management LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the second quarter valued at about $114,000.

About First Trust Dorsey Wright Focus 5 ETF

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.