First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Stock Price Up 1.1% – Time to Buy?

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was up 1.1% on Wednesday . The company traded as high as $89.44 and last traded at $89.36. Approximately 1,045 shares were traded during trading, a decline of 62% from the average daily volume of 2,768 shares. The stock had previously closed at $88.35.

First Trust Multi Cap Value AlphaDEX Fund Trading Up 1.1%

The company has a market capitalization of $125.10 million, a P/E ratio of 11.94 and a beta of 1.00. The company has a 50 day moving average price of $86.55 and a 200 day moving average price of $84.51.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

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

Hedge Funds Weigh In On First Trust Multi Cap Value AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Toledo NA OH bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund in the 2nd quarter worth about $28,000. Ameritas Advisory Services LLC bought a new stake in First Trust Multi Cap Value AlphaDEX Fund in the second quarter worth approximately $32,000. Geneos Wealth Management Inc. increased its holdings in First Trust Multi Cap Value AlphaDEX Fund by 155.3% in the second quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock worth $51,000 after purchasing an additional 382 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Multi Cap Value AlphaDEX Fund by 29.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,394 shares of the company’s stock valued at $113,000 after buying an additional 320 shares during the period. Finally, Clearstead Advisors LLC bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the 3rd quarter worth approximately $202,000.

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.