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

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.

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.

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.

MDIV invests in 126 holdings. Some of the stocks in their portfolio include First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (HYLS), First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (HYLS), Ready Capital (RC), Ready Capital (RC), Icahn Enterprises (IEP), Icahn Enterprises (IEP), Dorchester Minerals (DMLP), Dorchester Minerals (DMLP), Starwood Property Trust (STWD) and Starwood Property Trust (STWD).

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%.

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).

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

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%).

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

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

The company employs 147,000 workers across the globe.

The company can be reached via phone at 14089961010.