First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Declares Dividend Increase – $0.25 Per Share

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) declared a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Investors of record on Thursday, June 25th will be paid a dividend of 0.2465 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Thursday, June 25th. This is a 1,062.7% increase from First Trust Dorsey Wright DALI Equity ETF’s previous quarterly dividend of $0.02.

First Trust Dorsey Wright DALI Equity ETF Stock Performance

Shares of First Trust Dorsey Wright DALI Equity ETF stock traded up $0.16 on Thursday, hitting $29.72. The company’s stock had a trading volume of 12,316 shares, compared to its average volume of 8,195. The company has a market capitalization of $111.45 million, a price-to-earnings ratio of 20.39 and a beta of 0.73. First Trust Dorsey Wright DALI Equity ETF has a 1 year low of $25.90 and a 1 year high of $31.46. The firm has a fifty day moving average price of $30.46 and a 200-day moving average price of $29.65.

Institutional Trading of First Trust Dorsey Wright DALI Equity ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Western Wealth Management LLC purchased a new stake in shares of First Trust Dorsey Wright DALI Equity ETF in the first quarter valued at approximately $80,000. Kestra Advisory Services LLC purchased a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the 4th quarter valued at approximately $191,000. Stifel Financial Corp acquired a new stake in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at $251,000. Keel Point LLC grew its stake in First Trust Dorsey Wright DALI Equity ETF by 8.7% in the 4th quarter. Keel Point LLC now owns 16,279 shares of the company’s stock valued at $468,000 after acquiring an additional 1,303 shares during the period. Finally, Holos Integrated Wealth LLC purchased a new stake in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter worth $77,000.

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. DALI was launched on May 14, 2018 and is managed by First Trust.