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

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $70.66 and last traded at $70.59, with a volume of 3709 shares traded. The stock had previously closed at $69.80.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

The firm has a market cap of $3.72 billion, a PE ratio of 19.48 and a beta of 1.08. The firm has a fifty day simple moving average of $64.10 and a two-hundred day simple moving average of $63.97.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.0514 per share. This represents a $0.21 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, March 26th.

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

Institutional investors have recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the 4th quarter valued at approximately $30,000. EPG Wealth Management LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth approximately $32,000. Asset Dedication LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth approximately $43,000. TD Capital Management LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth approximately $50,000. Finally, Burkett Financial Services LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth approximately $51,000.

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.