First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Shares Down 0.1% – What’s Next?

Shares of First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) traded down 0.1% during mid-day trading on Thursday . The stock traded as low as $16.34 and last traded at $16.41. 93,200 shares were traded during trading, an increase of 21% from the average session volume of 77,185 shares. The stock had previously closed at $16.4342.

First Trust Multi-Asset Diversified Income Index Fund Stock Performance

The business has a 50-day moving average price of $16.33 and a 200 day moving average price of $16.04. The stock has a market capitalization of $407.43 million, a P/E ratio of 14.11 and a beta of 0.62.

First Trust Multi-Asset Diversified Income Index Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a $0.0772 dividend. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, February 20th.

Institutional Trading of First Trust Multi-Asset Diversified Income Index Fund

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of First Trust Multi-Asset Diversified Income Index Fund by 4.3% during the first quarter. Royal Bank of Canada now owns 330,822 shares of the company’s stock valued at $5,410,000 after purchasing an additional 13,600 shares in the last quarter. Prospera Financial Services Inc bought a new stake in shares of First Trust Multi-Asset Diversified Income Index Fund during the 2nd quarter valued at about $245,000. Flaharty Asset Management LLC grew its stake in shares of First Trust Multi-Asset Diversified Income Index Fund by 2.5% during the 2nd quarter. Flaharty Asset Management LLC now owns 1,611,174 shares of the company’s stock valued at $25,473,000 after purchasing an additional 39,642 shares during the period. Cetera Investment Advisers increased its position in shares of First Trust Multi-Asset Diversified Income Index Fund by 5.7% during the 2nd quarter. Cetera Investment Advisers now owns 269,657 shares of the company’s stock valued at $4,263,000 after purchasing an additional 14,636 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of First Trust Multi-Asset Diversified Income Index Fund by 29.4% in the second quarter. Rockefeller Capital Management L.P. now owns 151,455 shares of the company’s stock worth $2,395,000 after buying an additional 34,387 shares during the last quarter.

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.