First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Trading Up 0.2% – Time to Buy?

Shares of First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) shot up 0.2% during trading on Monday . The company traded as high as $93.48 and last traded at $93.5650. 803 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 1,225 shares. The stock had previously closed at $93.35.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

The company has a 50 day simple moving average of $90.09 and a 200-day simple moving average of $87.32. The stock has a market cap of $126.31 million, a P/E ratio of 11.94 and a beta of 1.00.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.5149 per share. The ex-dividend date was Friday, December 12th. This represents a $2.06 dividend on an annualized basis and a yield of 2.2%. This is an increase from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.38.

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

Several hedge funds have recently made changes to their positions in FAB. Trust Co. of Toledo NA OH purchased a new stake in First Trust Multi Cap Value AlphaDEX Fund in the second quarter worth $28,000. Ameritas Advisory Services LLC purchased a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the 2nd quarter worth about $32,000. Geneos Wealth Management Inc. increased its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 155.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock worth $51,000 after acquiring an additional 382 shares in the last quarter. Sound Income Strategies LLC purchased a new position in First Trust Multi Cap Value AlphaDEX Fund during the 4th quarter valued at about $83,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Multi Cap Value AlphaDEX Fund by 29.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,394 shares of the company’s stock worth $113,000 after acquiring an additional 320 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.