FV Stock Summary and Trading Ideas (First Trust Dorsey Wright Focus 5 ETF | NASDAQ:FV)

This exchange-traded fund (ETF) seeks investment results that correspond generally to the price and yield (before the fund s fees and expenses) of an equity index called the Dorsey Wright Focus Five Index. The Dorsey Wright Focus Five Index is designed to provide targeted exposure to the five First Trust sector and industry based ETFs that DWA believes offer the greatest potential to outperform the other ETFs in the selection universe.

First Trust Dorsey Wright Focus 5 ETF trades on the NASDAQ stock market under the symbol FV.

As of April 24, 2024, FV stock price climbed to $54.02 with 150,763 million shares trading.

FV has a beta of 1.34, meaning it tends to be more sensitive to market movements. FV has a correlation of 0.85 to the broad based SPY ETF.

FV has a market cap of $3.58 billion. This is considered a Mid Cap stock.

In the last 3 years, FV stock traded as high as $57.62 and as low as $39.45.

FV has underperformed the market in the last year with a price return of +22.1% while the SPY ETF gained +24.2%. FV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.2% and -4.7%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

FV support price is $53.12 and resistance is $54.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FV stock will trade within this expected range on the day.