First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Unusually-High Trading Volume – Still a Buy?

Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw unusually-high trading volume on Monday . Approximately 271,310 shares changed hands during trading, an increase of 96% from the previous session’s volume of 138,522 shares.The stock last traded at $55.97 and had previously closed at $55.36.

First Trust Dorsey Wright Focus 5 ETF Trading Up 1.8 %

The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 18.21 and a beta of 1.07. The firm has a fifty day simple moving average of $60.11 and a 200 day simple moving average of $59.38.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FV. Fisher Asset Management LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter worth $264,000. Benjamin Edwards Inc. boosted its holdings in First Trust Dorsey Wright Focus 5 ETF by 5,608.3% during the third quarter. Benjamin Edwards Inc. now owns 20,607 shares of the company’s stock worth $1,201,000 after buying an additional 20,246 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 40.1% during the 3rd quarter. Avior Wealth Management LLC now owns 2,311 shares of the company’s stock worth $135,000 after buying an additional 661 shares during the period. Garden State Investment Advisory Services LLC increased its stake in First Trust Dorsey Wright Focus 5 ETF by 2.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 35,845 shares of the company’s stock valued at $2,089,000 after purchasing an additional 724 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 12.9% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,087 shares of the company’s stock worth $419,000 after purchasing an additional 812 shares in 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.