First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Reaches New 52-Week High – Time to Buy?

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FVGet Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $71.95 and last traded at $71.95, with a volume of 4542 shares trading hands. The stock had previously closed at $70.60.

First Trust Dorsey Wright Focus 5 ETF Price Performance

The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 19.48 and a beta of 1.08. The stock has a 50-day moving average price of $64.81 and a 200-day moving average price of $64.24.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors 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 of this dividend was Thursday, March 26th.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

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

About First Trust Dorsey Wright Focus 5 ETF

(Get Free Report)

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.

Further Reading

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