LPL Financial LLC Boosts Stock Holdings in First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI)

LPL Financial LLC boosted its stake in First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,262 shares of the company’s stock after purchasing an additional 1,545 shares during the quarter. LPL Financial LLC owned about 2.05% of First Trust Dorsey Wright DALI Equity ETF worth $2,226,000 as of its most recent SEC filing.

Separately, Raymond James Financial Inc. purchased a new position in First Trust Dorsey Wright DALI Equity ETF in the fourth quarter worth about $457,000.

First Trust Dorsey Wright DALI Equity ETF Stock Performance

NASDAQ:DALI opened at $22.85 on Tuesday. The stock’s fifty day moving average is $24.76 and its 200 day moving average is $25.75. The firm has a market capitalization of $97.11 million, a PE ratio of 18.12 and a beta of 0.75. First Trust Dorsey Wright DALI Equity ETF has a fifty-two week low of $20.82 and a fifty-two week high of $27.65.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.0136 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.05 annualized dividend and a yield of 0.24%.

First Trust Dorsey Wright DALI Equity ETF Company Profile

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.