First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI) Shares Down 1.8% – Should You Sell?

First Trust DorseyWright DALI 1 ETF (NASDAQ:DALI)’s stock price dropped 1.8% during mid-day trading on Monday . The company traded as low as $25.23 and last traded at $25.32. Approximately 7,543 shares traded hands during trading, an increase of 60% from the average daily volume of 4,711 shares. The stock had previously closed at $25.79.

First Trust DorseyWright DALI 1 ETF Price Performance

The firm has a market cap of $106.34 million, a price-to-earnings ratio of 18.99 and a beta of 0.67. The stock has a 50-day moving average of $26.55 and a 200-day moving average of $25.89.

First Trust DorseyWright DALI 1 ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.0188 per share. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust DorseyWright DALI 1 ETF

A number of large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its position in First Trust DorseyWright DALI 1 ETF by 1.8% during the fourth quarter. LPL Financial LLC now owns 86,262 shares of the company’s stock worth $2,226,000 after buying an additional 1,545 shares in the last quarter. Harvest Investment Services LLC acquired a new stake in shares of First Trust DorseyWright DALI 1 ETF in the 4th quarter valued at $376,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of First Trust DorseyWright DALI 1 ETF in the 4th quarter valued at $457,000.

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.