First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Shares Down 0.2% – What’s Next?

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) shares traded down 0.2% during mid-day trading on Monday . The company traded as low as $16.86 and last traded at $16.90. 34,632 shares changed hands during trading, a decline of 51% from the average session volume of 69,993 shares. The stock had previously closed at $16.93.

First Trust Multi-Asset Diversified Income Index Fund Stock Down 0.2%

The firm’s fifty day simple moving average is $16.70 and its 200-day simple moving average is $16.56. The company has a market cap of $431.79 million, a PE ratio of 14.11 and a beta of 0.54.

First Trust Multi-Asset Diversified Income Index Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were given a dividend of $0.0684 per share. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Tuesday, July 21st.

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

Large investors have recently bought and sold shares of the stock. Flaharty Asset Management LLC purchased a new position in First Trust Multi-Asset Diversified Income Index Fund during the second quarter worth $192,000. Western Wealth Management LLC purchased a new stake in shares of First Trust Multi-Asset Diversified Income Index Fund in the first quarter valued at $49,000. Bank of America Corp DE boosted its stake in shares of First Trust Multi-Asset Diversified Income Index Fund by 1.2% during the first quarter. Bank of America Corp DE now owns 564,283 shares of the company’s stock valued at $9,124,000 after acquiring an additional 6,656 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of 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 valued at $6,783,000 after acquiring an additional 9,780 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of First Trust Multi-Asset Diversified Income Index Fund during the first quarter valued at $174,000.

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.