First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sets New 52-Week High – Here’s Why

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)’s stock price reached a new 52-week high on Monday . The stock traded as high as $61.90 and last traded at $61.90, with a volume of 3553 shares traded. The stock had previously closed at $61.16.

First Trust Dorsey Wright Focus 5 ETF Trading Up 1.4 %

The company has a market cap of $4.01 billion, a PE ratio of 16.50 and a beta of 1.07. The firm’s 50-day simple moving average is $58.74 and its two-hundred day simple moving average is $57.11.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.0199 dividend. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Thursday, September 26th.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

Several large investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the third quarter worth $29,000. Sound Income Strategies LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the third quarter worth $30,000. EverSource Wealth Advisors LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the second quarter worth $39,000. Truvestments Capital LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the third quarter worth $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the second quarter worth $86,000.

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.