First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI) Trading Up 0.1% – Time to Buy?

First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI)’s share price traded up 0.1% during mid-day trading on Friday . The stock traded as high as $26.83 and last traded at $26.83. 1,768 shares were traded during trading, a decline of 88% from the average session volume of 14,481 shares. The stock had previously closed at $26.81.

First Trust DorseyWright DALI 1 ETF Stock Up 0.1 %

The stock has a market capitalization of $112.69 million, a price-to-earnings ratio of 6.12 and a beta of 0.75. The company’s 50-day moving average is $25.01 and its 200-day moving average is $24.25.

First Trust DorseyWright DALI 1 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.0241 per share. This represents a $0.10 annualized dividend and a yield of 0.36%. The ex-dividend date was Thursday, September 26th. This is a positive change from First Trust DorseyWright DALI 1 ETF’s previous quarterly dividend of $0.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust DorseyWright DALI 1 ETF stock. Strid Group LLC boosted its stake in shares of First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 about 13.9% of Strid Group LLC’s holdings, making the stock its 3rd biggest holding. Strid Group LLC owned approximately 86.12% of First Trust DorseyWright DALI 1 ETF worth $91,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About First Trust DorseyWright DALI 1 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.