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

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALIGet Free Report)’s share price rose 1.1% during trading on Thursday . The company 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 Up 1.1%

The business has a fifty day moving average of $28.94 and a 200 day moving average of $29.34. The firm has a market cap of $100.00 million, a P/E ratio of 20.39 and a beta of 0.74.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.2465 per share. This represents a $0.99 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Thursday, June 25th. 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

An institutional investor recently bought a new position in First Trust Dorsey Wright DALI Equity ETF stock. Western Wealth Management LLC acquired a new position in shares of First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALIFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,871 shares of the company’s stock, valued at approximately $80,000. Western Wealth Management LLC owned about 0.08% of First Trust Dorsey Wright DALI Equity ETF at the end of the most recent reporting period.

First Trust Dorsey Wright DALI Equity ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for First Trust Dorsey Wright DALI Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Dorsey Wright DALI Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.