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

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) hit a new 52-week high during trading on Wednesday . The stock traded as high as $70.66 and last traded at $70.59, with a volume of 3709 shares. The stock had previously closed at $69.80.

First Trust Dorsey Wright Focus 5 ETF Trading Down 0.3%

The stock has a market cap of $3.72 billion, a P/E ratio of 19.48 and a beta of 1.08. The company’s fifty day simple moving average is $64.42 and its 200-day simple moving average is $64.10.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.0514 dividend. This represents a $0.21 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, March 26th.

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

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 85.2% in the 1st quarter. AQR Capital Management LLC now owns 46,043 shares of the company’s stock worth $2,526,000 after buying an additional 21,179 shares in the last quarter. Jane Street Group LLC grew its position in First Trust Dorsey Wright Focus 5 ETF by 33.0% in the first quarter. Jane Street Group LLC now owns 29,687 shares of the company’s stock valued at $1,629,000 after acquiring an additional 7,361 shares during the period. Qube Research & Technologies Ltd grew its position in First Trust Dorsey Wright Focus 5 ETF by 16.4% in the second quarter. Qube Research & Technologies Ltd now owns 21,142 shares of the company’s stock valued at $1,253,000 after acquiring an additional 2,976 shares during the period. Quantinno Capital Management LP raised its stake in First Trust Dorsey Wright Focus 5 ETF by 15.0% during the second quarter. Quantinno Capital Management LP now owns 5,168 shares of the company’s stock worth $306,000 after acquiring an additional 673 shares in the last quarter. Finally, Ausdal Financial Partners Inc. lifted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 3.3% during the second quarter. Ausdal Financial Partners Inc. now owns 7,655 shares of the company’s stock valued at $454,000 after acquiring an additional 244 shares during the period.

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.