First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Trading Up 0.9% – Here’s What Happened

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALIGet Free Report)’s share price was up 0.9% during trading on Monday . The company traded as high as $30.37 and last traded at $30.34. Approximately 1,090 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 3,333 shares. The stock had previously closed at $30.08.

First Trust Dorsey Wright DALI Equity ETF Stock Up 0.9%

The stock has a fifty day moving average of $29.43 and a 200-day moving average of $28.36. The firm has a market capitalization of $122.88 million, a P/E ratio of 20.39 and a beta of 0.72.

First Trust Dorsey Wright DALI Equity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.0352 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.5%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Holos Integrated Wealth LLC acquired a new stake in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at $77,000. Citadel Advisors LLC acquired a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the 3rd quarter worth about $1,157,000. Finally, Prospera Financial Services Inc grew its holdings in shares of 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 acquiring an additional 3,081 shares in the last quarter.

About First Trust Dorsey Wright DALI Equity ETF

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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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