First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Large Volume Increase – Here’s What Happened

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw strong trading volume on Thursday . 318,932 shares changed hands during trading, an increase of 99% from the previous session’s volume of 159,920 shares.The stock last traded at $65.48 and had previously closed at $65.94.

First Trust Dorsey Wright Focus 5 ETF Stock Down 1.3%

The business has a fifty day simple moving average of $65.48 and a two-hundred day simple moving average of $62.96. The company has a market cap of $3.61 billion, a P/E ratio of 19.48 and a beta of 1.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.1355 per share. This represents a $0.54 annualized dividend and a yield of 0.8%. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC lifted its position in First Trust Dorsey Wright Focus 5 ETF by 0.3% during the second quarter. Commonwealth Equity Services LLC now owns 2,853,870 shares of the company’s stock valued at $169,120,000 after purchasing an additional 8,043 shares in the last quarter. NewEdge Advisors LLC increased its holdings in First Trust Dorsey Wright Focus 5 ETF by 11.4% in the 3rd quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock worth $58,237,000 after acquiring an additional 96,612 shares in the last quarter. Prospera Financial Services Inc raised its stake in First Trust Dorsey Wright Focus 5 ETF by 2.7% during the 2nd quarter. Prospera Financial Services Inc now owns 812,251 shares of the company’s stock worth $48,139,000 after acquiring an additional 21,728 shares during the period. Osaic Holdings Inc. lifted its holdings in First Trust Dorsey Wright Focus 5 ETF by 2.8% during the second quarter. Osaic Holdings Inc. now owns 805,352 shares of the company’s stock valued at $47,729,000 after purchasing an additional 21,720 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 1.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 565,496 shares of the company’s stock worth $35,581,000 after purchasing an additional 8,510 shares during the period.

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.