Destra Multi-Alternative Fund (NYSE:DMA) Shares Up 0.4% – Here’s What Happened

Destra Multi-Alternative Fund (NYSE:DMA)’s share price traded up 0.4% during trading on Monday. The stock traded as high as $7.14 and last traded at $7.05. 20,465 shares changed hands during trading, a decline of 19% from the average session volume of 25,349 shares. The stock had previously closed at $7.02.

Destra Multi-Alternative Fund Stock Performance

The firm has a 50-day moving average of $7.37 and a 200 day moving average of $7.73.

Destra Multi-Alternative Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 18th will be issued a dividend of $0.1150 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 19.9%. The ex-dividend date is Friday, December 18th.

Institutional Trading of Destra Multi-Alternative Fund

Several large investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC boosted its stake in Destra Multi-Alternative Fund by 28.4% during the third quarter. Chicago Partners Investment Group LLC now owns 39,973 shares of the company’s stock worth $283,000 after acquiring an additional 8,833 shares in the last quarter. Weaver Consulting Group acquired a new position in shares of Destra Multi-Alternative Fund during the third quarter valued at about $79,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of Destra Multi-Alternative Fund by 5.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 275,344 shares of the company’s stock valued at $2,076,000 after purchasing an additional 13,755 shares during the period. E6 Portfolios LLC boosted its position in shares of Destra Multi-Alternative Fund by 110.1% during the 3rd quarter. E6 Portfolios LLC now owns 34,737 shares of the company’s stock worth $262,000 after purchasing an additional 18,203 shares in the last quarter. Finally, Atlas Wealth LLC boosted its position in shares of Destra Multi-Alternative Fund by 12.5% during the 3rd quarter. Atlas Wealth LLC now owns 1,224,799 shares of the company’s stock worth $9,235,000 after purchasing an additional 135,637 shares in the last quarter.

About Destra Multi-Alternative Fund

Destra Multi-Alternative Fund is a closed-end investment fund listed on the New York Stock Exchange. Rather than operating a business that sells products or services, it seeks to provide investors with exposure to alternative investment strategies through a managed portfolio. The fund invests in alternative investment vehicles and strategies, which may include private markets and other assets that are less commonly held in traditional stock-and-bond portfolios. Its holdings and allocations can change over time.