Destra Multi-Alternative Fund (NYSE:DMA) to Issue Monthly Dividend of $0.11

Destra Multi-Alternative Fund (NYSE:DMA) announced a monthly dividend on Tuesday, December 9th. Investors of record on Friday, March 20th will be given a dividend of 0.1125 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 15.0%. The ex-dividend date is Friday, March 20th.

Destra Multi-Alternative Fund Stock Performance

Shares of NYSE:DMA traded up $0.27 during trading on Tuesday, reaching $9.03. The stock had a trading volume of 109,138 shares, compared to its average volume of 29,603. Destra Multi-Alternative Fund has a 1-year low of $7.17 and a 1-year high of $9.12. The business has a fifty day moving average price of $8.69 and a 200-day moving average price of $8.69.

Hedge Funds Weigh In On Destra Multi-Alternative Fund

A number of institutional investors have recently added to or reduced their stakes in DMA. Alpine Global Management LLC acquired a new position in Destra Multi-Alternative Fund during the third quarter worth $268,000. Weaver Consulting Group raised its holdings in shares of Destra Multi-Alternative Fund by 8.3% during the 3rd quarter. Weaver Consulting Group now owns 30,170 shares of the company’s stock worth $261,000 after acquiring an additional 2,300 shares during the period. North Ground Capital purchased a new position in shares of Destra Multi-Alternative Fund during the 3rd quarter worth $510,000. Blue Bell Private Wealth Management LLC boosted its position in shares of Destra Multi-Alternative Fund by 33.4% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 231,459 shares of the company’s stock valued at $2,000,000 after acquiring an additional 58,006 shares during the last quarter. Finally, Perigon Wealth Management LLC purchased a new stake in shares of Destra Multi-Alternative Fund in the third quarter valued at about $112,000.

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.