First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Shareholders to Receive $0.08 Monthly Dividend

Posted by George Bondi on Oct 21st, 2026

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV – Get Free Report) declared a monthly dividend on Tuesday, October 20th. Stockholders of record on Wednesday, October 21st will be given a dividend of $0.0772 per share on Friday, October 30th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Wednesday, October 21st. This is a 19.6% decrease from First Trust Multi-Asset Diversified Income Index Fund’s previous monthly dividend of $0.0960.

First Trust Multi-Asset Diversified Income Index Fund Trading Down 0.7%

Shares of First Trust Multi-Asset Diversified Income Index Fund stock traded down $0.10 during trading on Wednesday, hitting $15.96. 14,274 shares of the stock traded hands, compared to its average volume of 66,878. The firm has a market cap of $411.10 million, a P/E ratio of 14.11 and a beta of 0.55. First Trust Multi-Asset Diversified Income Index Fund has a 52-week low of $15.52 and a 52-week high of $17.02. The stock’s fifty day simple moving average is $16.40 and its 200 day simple moving average is $16.53.

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

Several hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in shares of First Trust Multi-Asset Diversified Income Index Fund by 29.0% during the second quarter. Envestnet Asset Management Inc. now owns 124,986 shares of the company’s stock valued at $2,065,000 after purchasing an additional 28,134 shares in the last quarter. Ameritas Advisory Services LLC raised its stake in First Trust Multi-Asset Diversified Income Index Fund by 590.4% in the second quarter. Ameritas Advisory Services LLC now owns 95,576 shares of the company’s stock worth $1,579,000 after buying an additional 81,733 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in shares of First Trust Multi-Asset Diversified Income Index Fund in the 2nd quarter valued at $192,000. Western Wealth Management LLC purchased a new stake in shares of First Trust Multi-Asset Diversified Income Index Fund during the 1st quarter worth $49,000. Finally, Bank of America Corp DE boosted its position in 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 purchasing an additional 6,656 shares in the last quarter.

First Trust Multi-Asset Diversified Income Index Fund Company Profile

(Get Free Report)

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.