First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sets New 12-Month High – Should You Buy?

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $67.64 and last traded at $67.39, with a volume of 1026240 shares changing hands. The stock had previously closed at $66.34.

First Trust Dorsey Wright Focus 5 ETF Trading Down 1.0%

The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 19.48 and a beta of 1.08. The company’s 50 day moving average is $63.50 and its 200 day moving average is $62.05.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.1355 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 0.3% during the second quarter. Commonwealth Equity Services LLC now owns 2,853,870 shares of the company’s stock worth $169,120,000 after acquiring an additional 8,043 shares during the last quarter. NewEdge Advisors LLC boosted its stake in 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 worth $58,237,000 after purchasing an additional 96,612 shares during the period. Prospera Financial Services Inc grew its position in First Trust Dorsey Wright Focus 5 ETF by 2.7% during the 2nd quarter. Prospera Financial Services Inc now owns 812,251 shares of the company’s stock worth $48,139,000 after purchasing an additional 21,728 shares during the last quarter. Osaic Holdings Inc. increased its stake in First Trust Dorsey Wright Focus 5 ETF by 2.8% in the second quarter. Osaic Holdings Inc. now owns 805,352 shares of the company’s stock valued at $47,729,000 after purchasing an additional 21,720 shares during the period. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 0.4% in the second quarter. Concurrent Investment Advisors LLC now owns 576,838 shares of the company’s stock valued at $34,183,000 after buying an additional 2,236 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.