First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI) Stock Price Up 1.3% – Time to Buy?

First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI) traded up 1.3% during mid-day trading on Wednesday . The stock traded as high as $27.31 and last traded at $27.28. 1,181 shares traded hands during trading, a decline of 91% from the average session volume of 13,386 shares. The stock had previously closed at $26.94.

First Trust DorseyWright DALI 1 ETF Price Performance

The stock’s 50-day moving average is $26.18 and its 200 day moving average is $24.82. The stock has a market cap of $114.58 million, a price-to-earnings ratio of 6.12 and a beta of 0.75.

First Trust DorseyWright DALI 1 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.0241 dividend. This is a boost from First Trust DorseyWright DALI 1 ETF’s previous quarterly dividend of $0.00. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On First Trust DorseyWright DALI 1 ETF

A hedge fund recently raised its stake in First Trust DorseyWright DALI 1 ETF stock. Strid Group LLC grew its position in First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,617,239 shares of the company’s stock after buying an additional 58,974 shares during the quarter. First Trust DorseyWright DALI 1 ETF accounts for approximately 13.9% of Strid Group LLC’s holdings, making the stock its 3rd biggest holding. Strid Group LLC owned 86.12% of First Trust DorseyWright DALI 1 ETF worth $91,191,000 at the end of the most recent quarter.

First Trust DorseyWright DALI 1 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.