First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Stock Price Down 0.1% – Here’s Why

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

First Trust Multi-Asset Diversified Income Index Fund Stock Down 0.1%

The firm has a market capitalization of $409.18 million, a P/E ratio of 14.11 and a beta of 0.62. The company’s 50 day moving average is $16.31 and its 200-day moving average is $16.04.

First Trust Multi-Asset Diversified Income Index Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a dividend of $0.0772 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, February 20th.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TMB Capital Partners LLC bought a new position in First Trust Multi-Asset Diversified Income Index Fund in the fourth quarter worth approximately $657,000. Osaic Holdings Inc. increased its holdings in shares of First Trust Multi-Asset Diversified Income Index Fund by 11.9% during the fourth quarter. Osaic Holdings Inc. now owns 170,098 shares of the company’s stock valued at $2,674,000 after acquiring an additional 18,087 shares in the last quarter. Advisory Services Network LLC raised its position in shares of First Trust Multi-Asset Diversified Income Index Fund by 30.4% during the fourth quarter. Advisory Services Network LLC now owns 16,026 shares of the company’s stock worth $252,000 after purchasing an additional 3,733 shares during the period. Royal Bank of Canada raised its position in shares of First Trust Multi-Asset Diversified Income Index Fund by 11.5% during the fourth quarter. Royal Bank of Canada now owns 409,695 shares of the company’s stock worth $6,441,000 after purchasing an additional 42,304 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of First Trust Multi-Asset Diversified Income Index Fund by 3.1% in the 4th quarter. Stifel Financial Corp now owns 582,651 shares of the company’s stock worth $9,159,000 after purchasing an additional 17,582 shares in 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.