First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) to Issue Quarterly Dividend of $0.25

First Trust Dorsey Wright DALI Equity ETF (NASDAQ:DALI) declared a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Stockholders 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 Up 0.5%

Shares of First Trust Dorsey Wright DALI Equity ETF stock traded up $0.16 on Thursday, reaching $29.72. 12,316 shares of the stock were exchanged, compared to its average volume of 8,195. The business has a 50 day moving average price of $30.46 and a two-hundred day moving average price 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. First Trust Dorsey Wright DALI Equity ETF has a twelve month low of $25.90 and a twelve month high of $31.46.

About First Trust Dorsey Wright DALI Equity 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. DALI was launched on May 14, 2018 and is managed by First Trust.