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

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

First Trust Dorsey Wright Focus 5 ETF Trading Down 0.3%

The business’s 50 day simple moving average is $65.24 and its two-hundred day simple moving average is $64.39. The firm has a market capitalization of $3.78 billion, a P/E ratio of 19.48 and a beta of 1.08.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.0514 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.3%.

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 FV. NewEdge Advisors LLC raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 11.4% during the 3rd quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock valued at $58,237,000 after purchasing an additional 96,612 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in First Trust Dorsey Wright Focus 5 ETF by 1.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 565,496 shares of the company’s stock worth $35,581,000 after buying an additional 8,510 shares in the last quarter. Sard Wealth Management Group LLC increased its stake in First Trust Dorsey Wright Focus 5 ETF by 1.2% in the 4th quarter. Sard Wealth Management Group LLC now owns 470,168 shares of the company’s stock worth $29,583,000 after buying an additional 5,804 shares in the last quarter. Cetera Investment Advisers raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 0.9% during the first quarter. Cetera Investment Advisers now owns 403,640 shares of the company’s stock valued at $24,395,000 after acquiring an additional 3,749 shares during the period. Finally, Madrona Financial Services LLC lifted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 1.0% in the fourth quarter. Madrona Financial Services LLC now owns 401,734 shares of the company’s stock valued at $25,277,000 after acquiring an additional 4,130 shares in 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.