NASDAQ:MDIV First Trust Multi-Asset Diversified Income Index Fund (MDIV) Price, Holdings, & News → Elon Musk’s PRIME is Set to Shock the World (From InvestorPlace) (Ad) Free MDIV Stock Alerts Notice: This company has been marked as potentially delisted and may not be actively trading. Add Compare Share Share Today's Range$15.88▼$15.9850-Day Range$16.42▼$17.0852-Week Range$13.12▼$17.44Volume29,582 shsAverage Volume86,217 shsMarket Capitalization$427.19 millionAssets Under Management$426.92 millionDividend Yield5.14%Net Expense Ratio0.72% Stock AnalysisStock AnalysisDividendHeadlinesHoldingsOptions ChainOwnershipRatingsShort InterestSocial MediaStock AnalysisDividendHeadlinesHoldingsOptions ChainOwnershipRatingsShort InterestSocial Media Get First Trust Multi-Asset Diversified Income Index Fund alerts: Email Address About First Trust Multi-Asset Diversified Income Index FundThe 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.Read More Ad InvestorPlaceBreaking News: Elon Musk Invents New Type of A.I. (Shocking)Could Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street veteran, Eric Fry… This mind-blowing new technology could be bigger than the iPhone.Click here for the full story… MDIV ETF News HeadlinesMarch 26, 2024 | marketwatch.comInvesco Multi-Asset Income Fund;RMarch 22, 2024 | morningstar.comLord Abbett Multi-Asset Income CMarch 20, 2024 | msn.comSatrix Rebalances Multi Asset Passive Portfolios Solutions Protect ETFFebruary 28, 2024 | reuters.comIndia industry body asks mutual funds to limit flows in mid- and small-cap funds - letterFebruary 13, 2024 | uk.finance.yahoo.comMulti-Asset Diversified Income ETF (MDIV)February 9, 2024 | msn.comMulti-Asset Funds Allocation Tips: Hedge Against Inflation with Smart Investing Strategy for Financial StabilityFebruary 8, 2024 | markets.businessinsider.comVirtus Diversified REIT Celebrates Significant Increase in Net Asset ValueJanuary 22, 2024 | tmcnet.comFirst Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1375 Per Share for FebruarySee More Headlines Receive MDIV Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First Trust Multi-Asset Diversified Income Index Fund and its competitors with MarketBeat's FREE daily newsletter. Email Address Fund Details IssuerFirst Trust Fund NameFirst Trust Multi-Asset Diversified Income Index Fund Tax ClassificationRegulated Investment Company Stock ExchangeNASDAQCurrent SymbolNASDAQ:MDIV Inception Date8/13/2012 Fund ManagerDaniel Lindquist, Jon Erickson, David McGarel, Roger Testin, Stan Ueland, Chris Peterson, Erik Russo WebN/A Phone14089961010Fund Focus Asset ClassMulti Asset BenchmarkNasdaq US Multi-Asset Diversified Income Index CategoryAsset Allocation FocusTarget Outcome Development LevelBlended Development RegionGlobal Number of Holdings122 Fund Statistics Assets Under Management$426.92 million Average Daily Volume$75,120.40 Discount/Premium0.01% Administrator, Advisor and Custodian AdministratorThe Bank of New York Mellon Corporation AdvisorFirst Trust Advisors L.P. CustodianThe Bank of New York Mellon Corporation DistributorFirst Trust Portfolios L.P. Transfer AgentThe Bank of New York Mellon Corporation TrusteeN/A Lead Market MakerSusquehanna Options OptionableN/A Short Interest52,600 shs Miscellaneous Outstanding Shares26,800,000Beta0.48 Creation Unit50,000 Creation Fee$1,000.00 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Ad InvestorPlaceBreaking News: Elon Musk Invents New Type of A.I. (Shocking)Could Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street veteran, Eric Fry… This mind-blowing new technology could be bigger than the iPhone.Click here for the full story… First Trust Multi-Asset Diversified Income Index Fund ExpensesTypeMDIVTarget Outcome ETFsMulti Asset ETFsNASDAQ ETFsAll ETFsManagement Fee0.60%0.68%0.69%0.48%0.51%Other Expenses0.24%1.01%0.79%0.34%0.58%Total Expense0.84%1.36%1.21%0.58%0.70%Fee Waiver-0.12%-1.16%-0.69%-0.22%-0.57%Net Expense0.72%0.91%0.94%0.54%0.58% First Trust Multi-Asset Diversified Income Index Fund (MDIV) Holdings & ExposureTop 10 MDIV HoldingsFirst Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF(NASDAQ:HYLS)Holding Weight: 19.66%Alliance Resource Partners(NASDAQ:ARLP)Holding Weight: 1.56%PennyMac Mortgage Investment Trust(NYSE:PMT)Holding Weight: 1.51%Icahn Enterprises(NASDAQ:IEP)Holding Weight: 1.44%Ready Capital(NYSE:RC)Holding Weight: 1.44%Rithm Capital(NYSE:RITM)Holding Weight: 1.27%Black Stone Minerals(NYSE:BSM)Holding Weight: 1.22%Kimbell Royalty Partners(NYSE:KRP)Holding Weight: 1.20%Nustar Logistics, L.P. 0%Holding Weight: 1.18%Dorchester Minerals(NASDAQ:DMLP)Holding Weight: 1.16%MDIV Sector ExposureMDIV Industry ExposureFull Holdings Details Similar ETFsCabana Target Drawdown 10 ETFNASDAQ:TDSCCabana Target Leading Sector Moderate ETFNASDAQ:CLSMCabana Target Drawdown 7 ETFNASDAQ:TDSBCabana Target Leading Sector Aggressive ETFNASDAQ:CLSAGlobal X Alternative Income ETFNASDAQ:ALTYInstitutional OwnershipJaffetilchin Investment Partners LLCBought 986 shares on 5/17/2024Ownership: 0.237%B. Riley Wealth Advisors Inc.Bought 3,680 shares on 5/16/2024Ownership: 0.061%Rockport Wealth LLCBought 42,149 shares on 5/13/2024Ownership: 0.157%Endowment Wealth Management Inc.Sold 2,101 shares on 5/9/2024Ownership: 0.128%Geneos Wealth Management Inc.Sold 3,000 shares on 5/4/2024Ownership: 0.009%View All Institutional Transactions MDIV ETF - Frequently Asked Questions 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, April 22nd. Shareholders of record on Wednesday, April 24th will be given a dividend of $0.0618 per share on Tuesday, April 30th. This represents a $0.74 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Tuesday, April 23rd. 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 $426.92 million assets under management. What stocks does First Trust Multi-Asset Diversified Income Index Fund hold? MDIV invests in 122 holdings. Some of the stocks in their portfolio include First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (HYLS), Alliance Resource Partners (ARLP), PennyMac Mortgage Investment Trust (PMT), Icahn Enterprises (IEP), Ready Capital (RC), Rithm Capital (RITM), Black Stone Minerals (BSM), Kimbell Royalty Partners (KRP), Dorchester Minerals (DMLP). 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). 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 a number of institutional and retail investors. Top institutional investors include Commonwealth Equity Services LLC (1.56%), Capital Investment Advisory Services LLC (0.88%), StoneX Group Inc. (0.70%), Raymond James Financial Services Advisors Inc. (0.59%), Cambridge Investment Research Advisors Inc. (0.38%) and Janney Montgomery Scott LLC (0.35%). This page (NASDAQ:MDIV) was last updated on 5/18/2024 by MarketBeat.com Staff From Our PartnersDems have chosen Biden replacement?Paradigm PressThe Overlooked Retirement Asset You Probably Don’t OwnCrypto 101 MediaCEO of Biggest AI Chipmaker Just Dropped a Bombshell…Banyan Hill PublishingHe called Apple at $1.49 and now he says: “Buy these 6 AI stocks.”InvestorPlaceNext President (Not Trump. Not Biden.)The Freeport SocietyWhat’s Really Next for America…Porter & CompanyExposed: 10 CENT Crypto to Explode May 20th?True Market InsidersProtect Your Bank Account Before It’s Too LateWeiss Ratings Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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