First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Unusually-High Trading Volume – Time to Buy?

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw unusually-high trading volume on Friday . Approximately 195,983 shares were traded during trading, an increase of 82% from the previous session’s volume of 107,619 shares.The stock last traded at $58.24 and had previously closed at $59.56.

First Trust Dorsey Wright Focus 5 ETF Trading Down 1.4 %

The business has a 50 day simple moving average of $60.51 and a 200-day simple moving average of $58.11. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FV. Wilmington Savings Fund Society FSB acquired a new stake in First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter valued at $29,000. Sound Income Strategies LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the 2nd quarter worth approximately $39,000. Truvestments Capital LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth approximately $45,000. Finally, Zions Bancorporation N.A. acquired a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the second quarter worth $86,000.

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.