First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Plans $0.07 Monthly Dividend

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) declared a monthly dividend on Monday, July 20th. Investors of record on Tuesday, July 21st will be paid a dividend of 0.0684 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, July 21st.

First Trust Multi-Asset Diversified Income Index Fund Stock Performance

MDIV stock opened at $16.83 on Tuesday. The company has a fifty day moving average price of $16.61 and a 200-day moving average price of $16.43. The company has a market capitalization of $429.16 million, a P/E ratio of 14.11 and a beta of 0.54. First Trust Multi-Asset Diversified Income Index Fund has a 52-week low of $15.52 and a 52-week high of $17.00.

Institutional Investors Weigh In On First Trust Multi-Asset Diversified Income Index Fund

Several institutional investors and hedge funds have recently made changes to their positions in MDIV. Western Wealth Management LLC acquired a new stake in shares of First Trust Multi-Asset Diversified Income Index Fund in the 1st quarter valued at about $49,000. D.A. Davidson & CO. bought a new position in First Trust Multi-Asset Diversified Income Index Fund in the fourth quarter worth approximately $169,000. PFG Investments LLC acquired a new stake in First Trust Multi-Asset Diversified Income Index Fund in the first quarter valued at approximately $174,000. Sanctuary Advisors LLC acquired a new stake in First Trust Multi-Asset Diversified Income Index Fund in the first quarter valued at approximately $174,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of First Trust Multi-Asset Diversified Income Index Fund during the second quarter valued at approximately $192,000.

First Trust Multi-Asset Diversified Income Index Fund Company Profile

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.