Destra Multi-Alternative Fund (NYSE:DMA) Shares Up 0.1% – Here’s What Happened

Destra Multi-Alternative Fund (NYSE:DMA)’s share price rose 0.1% during trading on Wednesday . The stock traded as high as $7.76 and last traded at $7.67. 7,360 shares were traded during mid-day trading, a decline of 73% from the average session volume of 27,003 shares. The stock had previously closed at $7.66.

Destra Multi-Alternative Fund Stock Performance

The stock has a 50 day moving average price of $7.58 and a two-hundred day moving average price of $7.89.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of Destra Multi-Alternative Fund by 3.7% in the fourth quarter. LPL Financial LLC now owns 54,838 shares of the company’s stock valued at $492,000 after buying an additional 1,953 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Destra Multi-Alternative Fund during the second quarter worth approximately $25,000. Osaic Holdings Inc. grew its position in Destra Multi-Alternative Fund by 19.4% during the second quarter. Osaic Holdings Inc. now owns 29,025 shares of the company’s stock worth $254,000 after buying an additional 4,716 shares in the last quarter. Raymond James Financial Inc. bought a new position in Destra Multi-Alternative Fund during the 2nd quarter worth $50,000. Finally, Cetera Investment Advisers increased its stake in Destra Multi-Alternative Fund by 52.2% during the 4th quarter. Cetera Investment Advisers now owns 17,348 shares of the company’s stock worth $156,000 after acquiring an additional 5,952 shares during the period.

Destra Multi-Alternative Fund Company Profile

Destra Multi-Alternative Fund Inc (NYSE: DMA) is a closed-end, diversified management investment company that employs a multi-alternative strategy to deliver income and total return. The fund seeks to achieve its objectives by allocating assets among a variety of alternative income-producing investments, including closed-end funds, business development companies (BDCs), real estate investment trusts (REITs), master limited partnerships (MLPs) and preferred securities. This blend of assets is intended to provide a level of diversification and potential for regular distributions.

The fund’s investment approach combines fundamental research with active portfolio management, targeting securities with attractive yield characteristics and growth potential.