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

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) shares saw unusually-high trading volume on Friday . Approximately 195,983 shares traded hands during trading, an increase of 82% from the previous session’s volume of 107,619 shares.The stock last traded at $58.24 and had previously closed at $59.56.

First Trust Dorsey Wright Focus 5 ETF Trading Down 1.4 %

The business has a fifty day moving average price of $60.51 and a 200 day moving average price of $58.11. The firm has a market cap of $3.80 billion, a PE ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.0386 per share. The ex-dividend date of this dividend was Friday, December 13th.

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

A number of hedge funds have recently added to or reduced their stakes in FV. LPL Financial LLC raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 1.0% during the 2nd quarter. LPL Financial LLC now owns 4,211,170 shares of the company’s stock worth $241,157,000 after buying an additional 39,720 shares during the last quarter. Raymond James & Associates raised its position in First Trust Dorsey Wright Focus 5 ETF by 2.9% during the third quarter. Raymond James & Associates now owns 1,672,261 shares of the company’s stock worth $97,443,000 after acquiring an additional 47,375 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 2.3% in the third quarter. Concurrent Investment Advisors LLC now owns 568,765 shares of the company’s stock valued at $33,142,000 after purchasing an additional 12,580 shares in the last quarter. Madrona Financial Services LLC grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 5.0% in the third quarter. Madrona Financial Services LLC now owns 511,831 shares of the company’s stock valued at $29,824,000 after purchasing an additional 24,263 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 7,073.1% during the third quarter. International Assets Investment Management LLC now owns 489,346 shares of the company’s stock valued at $28,514,000 after acquiring an additional 482,524 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.