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

by · The Markets Daily

Shares of First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI – Get Free Report) shot up 1.1% during trading on Thursday . The company traded as high as $29.07 and last traded at $28.9850. 285 shares changed hands during mid-day 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 Performance

The company has a market capitalization of $100.00 million, a price-to-earnings ratio of 20.39 and a beta of 0.74. The business’s 50-day simple moving average is $28.94 and its 200-day simple moving average is $29.34.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

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

Hedge Funds Weigh In On 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 bought a new stake in shares of First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 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 as of its most recent filing with the SEC.

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.

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