First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Plans $0.10 Monthly Dividend

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) declared a monthly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.096 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Thursday, September 24th.

First Trust Multi-Asset Diversified Income Index Fund Trading Down 0.9%

Shares of MDIV stock traded down $0.14 on Thursday, hitting $16.07. 7,630 shares of the stock were exchanged, compared to its average volume of 67,646. The firm has a market capitalization of $413.67 million, a P/E ratio of 14.11 and a beta of 0.54. First Trust Multi-Asset Diversified Income Index Fund has a fifty-two week low of $15.52 and a fifty-two week high of $17.02. The business has a 50-day moving average of $16.73 and a 200 day moving average of $16.58.

Hedge Funds Weigh In On First Trust Multi-Asset Diversified Income Index Fund

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in First Trust Multi-Asset Diversified Income Index Fund by 1.2% in the first quarter. Bank of America Corp DE now owns 564,283 shares of the company’s stock valued at $9,124,000 after purchasing an additional 6,656 shares in the last quarter. Royal Bank of Canada lifted its position in First Trust Multi-Asset Diversified Income Index Fund by 2.4% during the first quarter. Royal Bank of Canada now owns 419,475 shares of the company’s stock worth $6,783,000 after acquiring an additional 9,780 shares during the last quarter. Harbour Investments Inc. boosted its stake in First Trust Multi-Asset Diversified Income Index Fund by 8.1% in the 4th quarter. Harbour Investments Inc. now owns 418,547 shares of the company’s stock valued at $6,580,000 after purchasing an additional 31,184 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of First Trust Multi-Asset Diversified Income Index Fund by 13.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 180,203 shares of the company’s stock valued at $2,833,000 after acquiring an additional 20,826 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in shares of First Trust Multi-Asset Diversified Income Index Fund by 13.1% during the first quarter. Kestra Advisory Services LLC now owns 132,134 shares of the company’s stock worth $2,137,000 after purchasing an additional 15,276 shares during the period.

About First Trust Multi-Asset Diversified Income Index Fund

The Multi-Asset Diversified Income Index Fund (MDIV) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index of equal-weighted US-listed securities, comprised of dividend-paying equities, REITs, preferred securities, MLPs, and a high-yield bond ETF. MDIV was launched on Aug 14, 2012 and is managed by First Trust.