Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (MFD)
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $8.45, down 2.20% on the session, giving a market capitalisation of $72.2M. On trailing twelve-month figures it carries a trailing P/E of 56.33, a net margin of 59.9%. Its beta of 0.93 implies it has historically moved less than the broad market.
The Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund functions as a closed-end equity mutual fund, initially launched and primarily managed by First Trust Advisors L.P. Management responsibilities are shared, with Macquarie Capital Investment Management, LLC and Four Corners Capital Management, LLC also contributing. The fund aims to invest in public equity markets globally, specifically targeting shares of companies operating within the infrastructure and utilities sectors. A key focus of its investment strategy is dividend-yielding stocks. Its portfolio performance is evaluated against the S&P 500 Utilities Total Return Index. This fund, domiciled in the United States, was established on March 25, 2004.
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund is most often compared with the following Financial Services names: