First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Reaches New 52-Week High – Time to Buy?

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) reached a new 52-week high on Tuesday . The company traded as high as $71.95 and last traded at $71.95, with a volume of 4542 shares trading hands. The stock had previously closed at $70.60.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.9%

The stock has a 50 day simple moving average of $64.81 and a two-hundred day simple moving average of $64.24. The stock has a market capitalization of $3.80 billion, a P/E ratio of 19.48 and a beta of 1.08.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FV. AlphaCore Capital LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at approximately $8,977,000. Benjamin Edwards Inc. grew its stake in First Trust Dorsey Wright Focus 5 ETF by 663.4% in the fourth quarter. Benjamin Edwards Inc. now owns 142,054 shares of the company’s stock valued at $8,941,000 after purchasing an additional 123,447 shares in the last quarter. Gateway Wealth Partners LLC grew its stake in First Trust Dorsey Wright Focus 5 ETF by 99.2% in the first quarter. Gateway Wealth Partners LLC now owns 214,630 shares of the company’s stock valued at $12,972,000 after purchasing an additional 106,877 shares in the last quarter. NewEdge Advisors LLC grew its stake in First Trust Dorsey Wright Focus 5 ETF by 11.4% in the third quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock valued at $58,237,000 after purchasing an additional 96,612 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in First Trust Dorsey Wright Focus 5 ETF by 61.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 224,743 shares of the company’s stock valued at $14,141,000 after purchasing an additional 85,668 shares in 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.