S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Drought-struck Barcelona quenches thirst with costly desalination
Free A.I. Trade Alerts. Up to 15 opportunities a day. (Ad)
Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Drought-struck Barcelona quenches thirst with costly desalination
Free A.I. Trade Alerts. Up to 15 opportunities a day. (Ad)
Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Drought-struck Barcelona quenches thirst with costly desalination
Free A.I. Trade Alerts. Up to 15 opportunities a day. (Ad)
Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Drought-struck Barcelona quenches thirst with costly desalination
Free A.I. Trade Alerts. Up to 15 opportunities a day. (Ad)
Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
NASDAQ:MDIV

First Trust Multi-Asset Diversified Income Index Fund (MDIV) Price, Holdings, & News

Notice: This company has been marked as potentially delisted and may not be actively trading.
Compare
Today's Range
$14.06
$14.20
50-Day Range
$16.42
$17.08
52-Week Range
$13.12
$17.44
Volume
64,533 shs
Average Volume
86,217 shs
Market Capitalization
$419.30 million
Assets Under Management
$415.41 million
Dividend Yield
5.79%
Net Expense Ratio
0.72%

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.

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MDIV ETF News Headlines

"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
See More Headlines

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Fund Details

Issuer
First Trust
Fund Name
First Trust Multi-Asset Diversified Income Index Fund
Tax Classification
Regulated Investment Company
Current Symbol
NASDAQ:MDIV
Inception Date
8/13/2012
Fund Manager
Daniel J. Lindquist, Jon Erickson David McGarel, RogerTestin, Stan Ueland, Chris Peterson, Erik Russo
Web
N/A

Fund Focus

Asset Class
Multi Asset
Benchmark
Nasdaq US Multi-Asset Diversified Income Index
Category
Asset Allocation
Focus
Target Outcome
Development Level
Blended Development
Region
Global
Number of Holdings
126

Fund Statistics

Assets Under Management
$415.41 million
Average Daily Volume
$109,191.10
Discount/Premium
2.00%

Administrator, Advisor and Custodian

Administrator
Brown Brothers Harriman & Co.
Advisor
First Trust Advisors L.P.
Custodian
Brown Brothers Harriman & Co.
Distributor
First Trust Portfolios L.P.
Transfer Agent
Brown Brothers Harriman & Co.
Trustee
N/A
Lead Market Maker
Susquehanna

Options

Optionable
N/A
Short Interest
500 shs

Miscellaneous

Beta
0.87
Creation Unit
50,000
Creation Fee
$1,000.00


First Trust Multi-Asset Diversified Income Index Fund Expenses

TypeMDIVTarget Outcome ETFsMulti Asset ETFsNASDAQ ETFsAll ETFs
Management Fee0.60%0.66%0.67%0.45%0.49%
Other Expenses0.24%0.97%0.75%0.28%0.51%
Total Expense0.84%1.31%1.16%0.54%0.66%
Fee Waiver-0.12%-0.92%-0.66%-0.21%-0.53%
Net Expense0.72%0.90%0.89%0.50%0.55%

First Trust Multi-Asset Diversified Income Index Fund (MDIV) Holdings & Exposure

MDIV Sector Exposure

MDIV Industry Exposure














MDIV ETF - Frequently Asked Questions

Are investors shorting First Trust Multi-Asset Diversified Income Index Fund?

First Trust Multi-Asset Diversified Income Index Fund saw a decrease in short interest in May. As of May 15th, there was short interest totaling 500 shares, a decrease of 16.7% from the April 30th total of 600 shares. Based on an average daily volume of 102,200 shares, the days-to-cover ratio is presently 0.0 days.
View First Trust Multi-Asset Diversified Income Index Fund's Short Interest
.

How often does First Trust Multi-Asset Diversified Income Index Fund pay dividends? What is the dividend yield for First Trust Multi-Asset Diversified Income Index Fund?

First Trust Multi-Asset Diversified Income Index Fund declared a monthly dividend on Monday, May 22nd. Shareholders of record on Wednesday, May 24th will be given a dividend of $0.1049 per share on Wednesday, May 31st. This represents a $1.26 annualized dividend and a dividend yield of 8.89%. The ex-dividend date of this dividend is Tuesday, May 23rd. This is a positive change from the stock's previous monthly dividend of $0.02.
Read our dividend analysis for MDIV
.

What does MDIV invest in?

First Trust Multi-Asset Diversified Income Index Fund is a multi asset fund issued by First Trust. MDIV focuses on target outcome investments and follows the Nasdaq US Multi-Asset Diversified Income Index. The fund's investments total to approximately $415.41 million assets under management.

What is the management fee for First Trust Multi-Asset Diversified Income Index Fund?

First Trust Multi-Asset Diversified Income Index Fund's management fee is 0.60% and has other expenses of 0.24%. However, MDIV has a fee waiver of -0.12% to reimburse the expenses. The net expense ratio for MDIV is 0.72%.

What other stocks do shareholders of First Trust Multi-Asset Diversified Income Index Fund own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Trust Multi-Asset Diversified Income Index Fund investors own include Johnson & Johnson (JNJ), Coca-Cola (KO), Procter & Gamble (PG), AT&T (T), Crown Castle (CCI), Chevron (CVX), Energy Transfer (ET), Home Depot (HD), Intel (INTC) and ONEOK (OKE).

What is First Trust Multi-Asset Diversified Income Index Fund's stock symbol?

First Trust Multi-Asset Diversified Income Index Fund trades on the NASDAQ under the ticker symbol "MDIV."

Who are First Trust Multi-Asset Diversified Income Index Fund's major shareholders?

First Trust Multi-Asset Diversified Income Index Fund's stock is owned by many different institutional and retail investors. Top institutional shareholders include Flaharty Asset Management LLC (4.88%), LPL Financial LLC (3.43%), Ameriprise Financial Inc. (1.64%), Bank of America Corp DE (1.21%), Raymond James & Associates (0.90%) and UBS Group AG (0.88%).

What is First Trust Multi-Asset Diversified Income Index Fund's stock price today?

One share of MDIV stock can currently be purchased for approximately $14.17.

How much money does First Trust Multi-Asset Diversified Income Index Fund make?

First Trust Multi-Asset Diversified Income Index Fund (NASDAQ:MDIV) has a market capitalization of $419.30 million.

How many employees does First Trust Multi-Asset Diversified Income Index Fund have?

The company employs 147,000 workers across the globe.

How can I contact First Trust Multi-Asset Diversified Income Index Fund?

The company can be reached via phone at 14089961010.

This page (NASDAQ:MDIV) was last updated on 5/29/2023 by MarketBeat.com Staff

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