First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Strong Trading Volume – What’s Next?

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw unusually-strong trading volume on Thursday . Approximately 318,932 shares were traded during mid-day trading, an increase of 99% from the previous session’s volume of 159,920 shares.The stock last traded at $65.48 and had previously closed at $65.94.

First Trust Dorsey Wright Focus 5 ETF Stock Down 1.3%

The company has a market capitalization of $3.61 billion, a P/E ratio of 19.48 and a beta of 1.08. The business’s 50-day moving average is $65.48 and its two-hundred day moving average is $62.96.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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

Hedge Funds Weigh In On First Trust Dorsey Wright Focus 5 ETF

Several hedge funds and other institutional investors have recently modified their holdings of FV. Elevated Capital Advisors LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth $30,000. EPG Wealth Management LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the fourth quarter valued at approximately $32,000. Asset Dedication LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF during the third quarter valued at approximately $43,000. Evolution Wealth Management Inc. purchased a new stake in First Trust Dorsey Wright Focus 5 ETF in the second quarter worth approximately $44,000. Finally, TD Capital Management LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth approximately $50,000.

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.