First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Shares Down 0.7% – Should You Sell?

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) shares traded down 0.7% on Tuesday . The stock traded as low as $94.11 and last traded at $94.12. 1,623 shares were traded during trading, a decline of 53% from the average session volume of 3,479 shares. The stock had previously closed at $94.83.

First Trust Multi Cap Value AlphaDEX Fund Stock Down 0.7%

The business’s 50-day moving average price is $94.95 and its 200 day moving average price is $90.11. The company has a market capitalization of $127.06 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 announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.5149 dividend. The ex-dividend date was Friday, December 12th. This represents a $2.06 annualized dividend and a yield of 2.2%. This is a boost from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.38.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FAB. Jones Financial Companies Lllp grew its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 206.2% during the 1st quarter. Jones Financial Companies Lllp now owns 7,848 shares of the company’s stock valued at $624,000 after purchasing an additional 5,285 shares in the last quarter. Northeast Planning Associates INC. NH raised its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 1.7% in the second quarter. Northeast Planning Associates INC. NH now owns 21,217 shares of the company’s stock worth $1,724,000 after buying an additional 355 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 worth $113,000 after buying an additional 320 shares in the last quarter. Raymond James Financial Inc. boosted its stake in First Trust Multi Cap Value AlphaDEX Fund by 3.4% during the second quarter. Raymond James Financial Inc. now owns 61,711 shares of the company’s stock valued at $5,015,000 after buying an additional 2,053 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in First Trust Multi Cap Value AlphaDEX Fund by 155.3% during the second quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock valued at $51,000 after buying an additional 382 shares during the period.

First Trust Multi Cap Value AlphaDEX Fund Company Profile

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.