First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Reaches New 1-Year High – Here’s Why

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $62.86 and last traded at $62.62, with a volume of 116658 shares changing hands. The stock had previously closed at $62.04.

First Trust Dorsey Wright Focus 5 ETF Price Performance

The firm has a 50-day simple moving average of $60.81 and a 200-day simple moving average of $58.44. The firm has a market capitalization of $4.04 billion, a PE ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.0386 per share. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust Dorsey Wright Focus 5 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in First Trust Dorsey Wright Focus 5 ETF by 7,073.1% during the 3rd quarter. International Assets Investment Management LLC now owns 489,346 shares of the company’s stock valued at $28,514,000 after purchasing an additional 482,524 shares during the period. Proactive Wealth Strategies LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the third quarter worth $16,958,000. ORG Partners LLC boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 206.6% during the fourth quarter. ORG Partners LLC now owns 186,049 shares of the company’s stock worth $10,988,000 after acquiring an additional 125,371 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the second quarter worth about $4,073,000. Finally, Raymond James & Associates boosted its stake in First Trust Dorsey Wright Focus 5 ETF by 2.9% during the third quarter. Raymond James & Associates now owns 1,672,261 shares of the company’s stock valued at $97,443,000 after buying an additional 47,375 shares during the last quarter.

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.