First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Large Volume Increase – Should You Buy?

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw unusually-high trading volume on Monday . Approximately 271,310 shares traded hands during mid-day trading, an increase of 96% from the previous session’s volume of 138,522 shares.The stock last traded at $55.97 and had previously closed at $55.36.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

The company has a market cap of $3.58 billion, a P/E ratio of 18.21 and a beta of 1.07. The firm’s fifty day moving average is $59.95 and its two-hundred day moving average is $59.37.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in First Trust Dorsey Wright Focus 5 ETF by 6.6% in the 4th quarter. LPL Financial LLC now owns 4,465,129 shares of the company’s stock worth $263,711,000 after buying an additional 277,315 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 1.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,849,421 shares of the company’s stock valued at $168,287,000 after purchasing an additional 36,184 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the 4th quarter valued at about $157,260,000. Bank of America Corp DE boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 0.6% during the 4th quarter. Bank of America Corp DE now owns 1,674,187 shares of the company’s stock valued at $98,878,000 after purchasing an additional 9,409 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 2.5% during the 4th quarter. NewEdge Advisors LLC now owns 1,017,458 shares of the company’s stock valued at $60,091,000 after purchasing an additional 24,439 shares during the last quarter.

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.