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

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)’s stock price hit a new 52-week high on Monday . The stock traded as high as $74.62 and last traded at $74.47, with a volume of 49946 shares trading hands. The stock had previously closed at $73.23.

First Trust Dorsey Wright Focus 5 ETF Trading Up 1.9%

The firm’s fifty day simple moving average is $70.18 and its 200 day simple moving average is $66.19. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 19.48 and a beta of 1.09.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be issued a $0.0761 dividend. This represents a $0.30 annualized dividend and a yield of 0.4%. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, June 25th.

Institutional Inflows and Outflows

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

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.