First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Trading Up 0.6% – Should You Buy?

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB)’s share price rose 0.6% on Tuesday . The stock traded as high as $87.17 and last traded at $86.97. Approximately 2,061 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 2,942 shares. The stock had previously closed at $86.44.

First Trust Multi Cap Value AlphaDEX Fund Trading Up 0.6%

The company’s fifty day moving average is $86.92 and its two-hundred day moving average is $82.00. The stock has a market cap of $121.76 million, a price-to-earnings ratio of 11.94 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.3783 dividend. This is a boost from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, September 25th. This represents a $1.51 annualized dividend and a yield of 1.7%.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in FAB. Golden State Wealth Management LLC increased its holdings in First Trust Multi Cap Value AlphaDEX Fund by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,994 shares of the company’s stock valued at $159,000 after purchasing an additional 997 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in First Trust Multi Cap Value AlphaDEX Fund by 11.8% in the 1st quarter. Stratos Wealth Partners LTD. now owns 6,195 shares of the company’s stock valued at $493,000 after purchasing an additional 656 shares during the last quarter. Northeast Planning Associates INC. NH acquired a new position in shares of First Trust Multi Cap Value AlphaDEX Fund in the first quarter worth $1,659,000. PFG Advisors grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.3% in the first quarter. PFG Advisors now owns 15,425 shares of the company’s stock worth $1,226,000 after acquiring an additional 490 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 31.7% in the first quarter. Cetera Investment Advisers now owns 6,473 shares of the company’s stock worth $515,000 after acquiring an additional 1,559 shares in the last quarter.

About First Trust Multi Cap Value AlphaDEX Fund

The First Trust Multi Cap Value AlphaDEX Fund (FAB) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Multi Cap Value index. The fund tracks an index that uses fundamental factors to select and weight value stocks from the Nasdaq US Select Indices. FAB was launched on May 8, 2007 and is managed by First Trust.