First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Trading Up 1.5% – Here’s Why

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI)’s share price was up 1.5% during mid-day trading on Tuesday . The company traded as high as $27.36 and last traded at $27.31. Approximately 288 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 5,624 shares. The stock had previously closed at $26.91.

First Trust Dorsey Wright DALI Equity ETF Stock Performance

The business’s 50 day moving average is $26.44 and its 200-day moving average is $25.38. The stock has a market cap of $114.70 million, a price-to-earnings ratio of 20.39 and a beta of 0.75.

First Trust Dorsey Wright DALI Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a $0.0248 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.10 dividend on an annualized basis and a yield of 0.4%. This is an increase from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.01.

Institutional Investors Weigh In On First Trust Dorsey Wright DALI Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. Harvest Investment Services LLC purchased a new position in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at $376,000. Raymond James Financial Inc. purchased a new position in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at $457,000. LPL Financial LLC lifted its holdings in First Trust Dorsey Wright DALI Equity ETF by 1.8% in the 4th quarter. LPL Financial LLC now owns 86,262 shares of the company’s stock valued at $2,226,000 after purchasing an additional 1,545 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in First Trust Dorsey Wright DALI Equity ETF by 1.9% in the 2nd quarter. Prospera Financial Services Inc now owns 165,970 shares of the company’s stock valued at $4,395,000 after purchasing an additional 3,081 shares in the last quarter. Finally, Strid Group LLC lifted its holdings in First Trust Dorsey Wright DALI Equity ETF by 1.8% in the 1st quarter. Strid Group LLC now owns 3,669,540 shares of the company’s stock valued at $87,885,000 after purchasing an additional 65,296 shares in the last quarter.

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.