First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Shares Down 0.4% – Here’s Why

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) shares fell 0.4% during mid-day trading on Monday . The stock traded as low as $40.04 and last traded at $40.04. Approximately 3,991 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 5,440 shares. The stock had previously closed at $40.21.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Down 0.2%

The firm has a market capitalization of $106.70 million, a PE ratio of 19.13 and a beta of 0.70. The company’s 50-day simple moving average is $41.58 and its 200 day simple moving average is $38.76.

First Trust Dorsey Wright Dynamic Focus 5 ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.0006 dividend. This represents a $0.00 annualized dividend and a yield of 0.0%. The ex-dividend date was Thursday, June 25th.

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

A number of large investors have recently made changes to their positions in the business. Sun Financial Inc acquired a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the 4th quarter worth $861,000. Raymond James Financial Inc. raised its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 62.0% in the second quarter. Raymond James Financial Inc. now owns 348,035 shares of the company’s stock valued at $12,366,000 after buying an additional 133,233 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 146.9% in the second quarter. Geneos Wealth Management Inc. now owns 32,160 shares of the company’s stock valued at $1,143,000 after buying an additional 19,137 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 375.6% in the third quarter. Susquehanna International Group LLP now owns 28,196 shares of the company’s stock worth $1,017,000 after acquiring an additional 22,268 shares in the last quarter. Finally, Mariner LLC boosted its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 4.9% in the third quarter. Mariner LLC now owns 25,883 shares of the company’s stock worth $934,000 after acquiring an additional 1,213 shares in the last quarter.

About First Trust Dorsey Wright Dynamic Focus 5 ETF

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum. FVC was launched on Mar 18, 2016 and is managed by First Trust.