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

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) reached a new 52-week high during trading on Friday . The company traded as high as $66.26 and last traded at $66.0970, with a volume of 19144 shares changing hands. The stock had previously closed at $65.38.

First Trust Dorsey Wright Focus 5 ETF Stock Up 1.4%

The firm’s 50-day moving average price is $62.29 and its two-hundred day moving average price is $61.46. The firm has a market capitalization of $3.79 billion, a PE 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. Stockholders of record on Friday, December 12th were issued a $0.1355 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FV. CX Institutional purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the 2nd quarter valued at $36,000. Asset Dedication LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter worth about $43,000. Evolution Wealth Management Inc. purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 2nd quarter worth about $44,000. Burkett Financial Services LLC acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter valued at about $51,000. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter valued at about $56,000.

First Trust Dorsey Wright Focus 5 ETF Company Profile

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.