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

Destra Multi-Alternative Fund (NYSE:DMA) announced a monthly dividend on Tuesday, December 9th. Shareholders of record on Tuesday, May 19th will be given a dividend of 0.1125 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 15.0%. The ex-dividend date of this dividend is Tuesday, May 19th.

Destra Multi-Alternative Fund Stock Performance

Shares of NYSE DMA traded up $0.27 during midday trading on Tuesday, reaching $9.03. 109,138 shares of the stock were exchanged, compared to its average volume of 29,603. The stock has a 50 day moving average price of $8.69 and a 200-day moving average price of $8.69. Destra Multi-Alternative Fund has a 52-week low of $7.17 and a 52-week high of $9.12.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Matisse Capital boosted its holdings in Destra Multi-Alternative Fund by 3.0% in the second quarter. Matisse Capital now owns 407,000 shares of the company’s stock valued at $3,561,000 after acquiring an additional 11,693 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in shares of Destra Multi-Alternative Fund by 33.4% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 231,459 shares of the company’s stock worth $2,000,000 after purchasing an additional 58,006 shares during the period. North Ground Capital acquired a new position in shares of Destra Multi-Alternative Fund in the 3rd quarter valued at about $510,000. Alpine Global Management LLC acquired a new position in shares of Destra Multi-Alternative Fund in the 3rd quarter valued at about $268,000. Finally, Weaver Consulting Group grew 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 purchasing an additional 2,300 shares during the period.

About Destra Multi-Alternative Fund

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.