First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Trading 0.8% Higher – Here’s Why

Shares of First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) rose 0.8% during trading on Monday . The company traded as high as $26.91 and last traded at $26.68. Approximately 38,391 shares changed hands during trading, a decline of 35% from the average daily volume of 59,481 shares. The stock had previously closed at $26.46.

First Trust Dorsey Wright International Focus 5 ETF Stock Performance

The stock’s fifty day simple moving average is $24.85 and its two-hundred day simple moving average is $24.33. The stock has a market capitalization of $218.78 million, a P/E ratio of 13.24 and a beta of 0.75.

First Trust Dorsey Wright International Focus 5 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.1502 per share. This is a boost from First Trust Dorsey Wright International Focus 5 ETF’s previous quarterly dividend of $0.07. This represents a $0.60 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, December 12th.

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

Several hedge funds and other institutional investors have recently modified their holdings of IFV. Advisory Services Network LLC bought a new stake in shares of First Trust Dorsey Wright International Focus 5 ETF during the third quarter worth about $30,000. Creative Capital Management Investments LLC bought a new position in First Trust Dorsey Wright International Focus 5 ETF in the 2nd quarter valued at about $29,000. Founders Financial Alliance LLC lifted its position in First Trust Dorsey Wright International Focus 5 ETF by 62.4% in the 3rd quarter. Founders Financial Alliance LLC now owns 1,626 shares of the company’s stock valued at $40,000 after acquiring an additional 625 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in First Trust Dorsey Wright International Focus 5 ETF during the 2nd quarter valued at about $77,000. Finally, Ameritas Advisory Services LLC acquired a new position in First Trust Dorsey Wright International Focus 5 ETF during the 2nd quarter valued at about $125,000.

About First Trust Dorsey Wright International Focus 5 ETF

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.