Destra Multi-Alternative Fund (NYSE:DMA) Declares $0.11 Monthly Dividend

Destra Multi-Alternative Fund (NYSE:DMA) declared a monthly dividend on Tuesday, December 9th. Stockholders of record on Monday, April 20th will be paid a dividend of 0.1125 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 15.0%. The ex-dividend date is Monday, April 20th.

Destra Multi-Alternative Fund Stock Up 3.1%

DMA stock traded up $0.27 on Tuesday, hitting $9.03. The company’s stock had a trading volume of 109,138 shares, compared to its average volume of 29,603. The firm has a 50 day moving average of $8.69 and a two-hundred day moving average of $8.69. Destra Multi-Alternative Fund has a 1 year low of $7.17 and a 1 year high of $9.12.

Institutional Investors Weigh In On Destra Multi-Alternative Fund

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new position in shares of Destra Multi-Alternative Fund during the second quarter worth about $25,000. Raymond James Financial Inc. acquired a new stake in Destra Multi-Alternative Fund during the 2nd quarter worth approximately $50,000. Perigon Wealth Management LLC purchased a new position in shares of Destra Multi-Alternative Fund in the 3rd quarter valued at approximately $112,000. K2 Principal Fund L.P. grew its stake in shares of Destra Multi-Alternative Fund by 37.5% in the 1st quarter. K2 Principal Fund L.P. now owns 19,702 shares of the company’s stock valued at $167,000 after purchasing an additional 5,372 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Destra Multi-Alternative Fund by 19.4% in the second quarter. Osaic Holdings Inc. now owns 29,025 shares of the company’s stock valued at $254,000 after purchasing an additional 4,716 shares during the period.

Destra Multi-Alternative Fund Company Profile

Multi-Strategy Growth & Income Fund is a closed ended balanced mutual fund launched and managed by Pinhook Capital, LLC. It invests in public equity and fixed income markets of the United States. For its equity portion, the fund primarily invests directly, in other funds, and through derivatives such as options to invest in stocks of companies operating in the real estate sector, including real estate investment trusts.