First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Unusually-High Trading Volume

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw unusually-strong trading volume on Monday . Approximately 288,498 shares changed hands during mid-day trading, an increase of 116% from the previous session’s volume of 133,329 shares.The stock last traded at $55.37 and had previously closed at $54.73.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

The stock’s fifty day simple moving average is $55.53 and its two-hundred day simple moving average is $51.68. The stock has a market capitalization of $3.67 billion, a P/E ratio of 16.50 and a beta of 1.37.

First Trust Dorsey Wright Focus 5 ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a $0.007 dividend. This represents a $0.03 annualized dividend and a yield of 0.05%. The ex-dividend date of this dividend was Thursday, March 21st.

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

Hedge funds have recently bought and sold shares of the company. LPL Financial LLC increased its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 3.2% in the 3rd quarter. LPL Financial LLC now owns 4,237,786 shares of the company’s stock valued at $187,734,000 after acquiring an additional 130,520 shares in the last quarter. UBS Group AG increased its stake in First Trust Dorsey Wright Focus 5 ETF by 1.0% in the fourth quarter. UBS Group AG now owns 2,070,715 shares of the company’s stock valued at $106,745,000 after purchasing an additional 21,091 shares in the last quarter. Raymond James & Associates increased its stake in First Trust Dorsey Wright Focus 5 ETF by 2.6% in the first quarter. Raymond James & Associates now owns 1,697,563 shares of the company’s stock valued at $97,152,000 after purchasing an additional 43,005 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 6.0% during the third quarter. Royal Bank of Canada now owns 1,104,981 shares of the company’s stock valued at $48,952,000 after purchasing an additional 62,749 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the 4th quarter worth about $30,295,000.

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.