First Trust Multi-Asset Diversified Income Index Fund (MDIV) To Go Ex-Dividend on July 21st

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) announced a monthly dividend on Monday, July 20th. Shareholders of record on Tuesday, July 21st will be given 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 is Tuesday, July 21st.

First Trust Multi-Asset Diversified Income Index Fund Price Performance

Shares of MDIV stock opened at $16.72 on Wednesday. First Trust Multi-Asset Diversified Income Index Fund has a one year low of $15.52 and a one year high of $17.00. The stock’s fifty day simple moving average is $16.62 and its 200 day simple moving average is $16.44. The firm has a market cap of $426.36 million, a price-to-earnings ratio of 14.11 and a beta of 0.54.

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

Large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its stake in shares of First Trust Multi-Asset Diversified Income Index Fund by 147.0% during the second quarter. Ameriprise Financial Inc. now owns 1,538,244 shares of the company’s stock valued at $24,348,000 after purchasing an additional 915,595 shares during the last quarter. Elevation Capital Advisory LLC acquired a new stake in First Trust Multi-Asset Diversified Income Index Fund during the 4th quarter worth $2,745,000. Royal Bank of Canada lifted its holdings in shares of First Trust Multi-Asset Diversified Income Index Fund by 11.5% during the 4th quarter. Royal Bank of Canada now owns 409,695 shares of the company’s stock valued at $6,441,000 after purchasing an additional 42,304 shares in the last quarter. TMB Capital Partners LLC bought a new position in First Trust Multi-Asset Diversified Income Index Fund in the fourth quarter valued at approximately $657,000. Finally, 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 worth $6,580,000 after purchasing an additional 31,184 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.