First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) Announces 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. Shareholders 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 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 Trading Up 0.5%

Shares of First Trust Dorsey Wright DALI Equity ETF stock traded up $0.16 during trading hours on Thursday, reaching $29.72. 12,316 shares of the company’s stock were exchanged, compared to its average volume of 8,195. First Trust Dorsey Wright DALI Equity ETF has a 52-week low of $25.90 and a 52-week high of $31.46. The company has a fifty day moving average of $30.46 and a 200-day moving average of $29.65. The firm has a market capitalization of $111.45 million, a price-to-earnings ratio of 20.39 and a beta of 0.73.

Hedge Funds Weigh In On First Trust Dorsey Wright DALI Equity ETF

Large investors have recently added to or reduced their stakes in the business. Holos Integrated Wealth LLC purchased a new stake in First Trust Dorsey Wright DALI Equity ETF in the 4th quarter valued at about $77,000. Western Wealth Management LLC acquired a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the 1st quarter valued at about $80,000. Kestra Advisory Services LLC purchased a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth about $191,000. Stifel Financial Corp purchased a new position in shares of First Trust Dorsey Wright DALI Equity ETF during the 4th quarter worth about $251,000. Finally, Keel Point LLC boosted its position in shares of First Trust Dorsey Wright DALI Equity ETF by 8.7% in the fourth quarter. Keel Point LLC now owns 16,279 shares of the company’s stock worth $468,000 after acquiring an additional 1,303 shares during the last quarter.

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.