First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) Shares Down 0.1% – Here’s What Happened

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV – Get Free Report)’s share price was down 0.1% during mid-day trading on Tuesday . The stock traded as low as $16.57 and last traded at $16.66. Approximately 35,727 shares were traded during trading, a decline of 52% from the average daily volume of 74,308 shares. The stock had previously closed at $16.67.

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

The stock has a market capitalization of $413.17 million, a P/E ratio of 14.11 and a beta of 0.55. The stock’s fifty day moving average price is $16.43 and its two-hundred day moving average price is $16.17.

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First Trust Multi-Asset Diversified Income Index Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were given a dividend of $0.052 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, April 21st.

Hedge Funds Weigh In On First Trust Multi-Asset Diversified Income Index Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Western Wealth Management LLC bought a new stake in First Trust Multi-Asset Diversified Income Index Fund during the 1st quarter worth approximately $49,000. D.A. Davidson & CO. purchased a new stake in First Trust Multi-Asset Diversified Income Index Fund during the 4th quarter valued at approximately $169,000. PFG Investments LLC purchased a new position in shares of First Trust Multi-Asset Diversified Income Index Fund in the first quarter valued at $174,000. Sanctuary Advisors LLC purchased a new position in shares of First Trust Multi-Asset Diversified Income Index Fund in the first quarter valued at $174,000. Finally, Great Valley Advisor Group Inc. purchased a new position in shares of First Trust Multi-Asset Diversified Income Index Fund in the fourth quarter valued at $193,000.

About First Trust Multi-Asset Diversified Income Index Fund

(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.

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