First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Trading 1.1% Higher – Still a Buy?

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI)’s stock price shot up 1.1% during trading on Thursday . The stock traded as high as $29.07 and last traded at $28.9850. Approximately 285 shares traded hands during trading, a decline of 96% from the average session volume of 7,202 shares. The stock had previously closed at $28.67.

First Trust Dorsey Wright DALI Equity ETF Stock Down 1.2%

The firm has a market cap of $99.14 million, a PE ratio of 20.39 and a beta of 0.74. The stock’s fifty day simple moving average is $28.94 and its two-hundred day simple moving average is $29.34.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.2465 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.02.

Institutional Trading of First Trust Dorsey Wright DALI Equity ETF

A hedge fund recently bought a new stake in First Trust Dorsey Wright DALI Equity ETF stock. Western Wealth Management LLC bought a new position in First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,871 shares of the company’s stock, valued at approximately $80,000. Western Wealth Management LLC owned approximately 0.08% of First Trust Dorsey Wright DALI Equity ETF at the end of the most recent quarter.

About First Trust Dorsey Wright DALI Equity 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. DALI was launched on May 14, 2018 and is managed by First Trust.