First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI) Trading Up 1.3% – Still a Buy?

First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI)’s share price rose 1.3% during mid-day trading on Wednesday . The company traded as high as $27.31 and last traded at $27.28. Approximately 1,181 shares were traded during trading, a decline of 91% from the average daily volume of 13,386 shares. The stock had previously closed at $26.94.

First Trust DorseyWright DALI 1 ETF Stock Up 1.3 %

The firm has a market capitalization of $114.58 million, a PE ratio of 6.12 and a beta of 0.75. The business has a 50-day moving average price of $26.18 and a 200-day moving average price of $24.82.

First Trust DorseyWright DALI 1 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.0241 per share. The ex-dividend date was Thursday, September 26th. This is an increase from First Trust DorseyWright DALI 1 ETF’s previous quarterly dividend of $0.00. This represents a $0.10 dividend on an annualized basis and a yield of 0.35%.

Institutional Investors Weigh In On First Trust DorseyWright DALI 1 ETF

A hedge fund recently raised its stake in First Trust DorseyWright DALI 1 ETF stock. Strid Group LLC increased its stake in shares of First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI) by 1.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,617,239 shares of the company’s stock after purchasing an additional 58,974 shares during the period. First Trust DorseyWright DALI 1 ETF makes up approximately 13.9% of Strid Group LLC’s investment portfolio, making the stock its 3rd largest position. Strid Group LLC owned 86.12% of First Trust DorseyWright DALI 1 ETF worth $91,191,000 at the end of the most recent reporting period.

About First Trust DorseyWright DALI 1 ETF

The First Trust Dorsey Wright DALI 1 ETF (DALI) is an exchange-traded fund that is based on the Nasdaq Dorsey Wright DALI1 index. The fund tracks an index that uses momentum indicators to rotate between asset classes. The fund holds a single asset class at a time and uses other First Trust ETFs for exposure.