First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Trading Up 0.2% – Here’s What Happened

Shares of First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) were up 0.2% during mid-day trading on Friday . The stock traded as high as $108.23 and last traded at $108.13. Approximately 10,518 shares changed hands during trading, an increase of 48% from the average daily volume of 7,090 shares. The stock had previously closed at $107.93.

First Trust Multi Cap Value AlphaDEX Fund Stock Up 0.2%

The business’s 50 day moving average is $103.18 and its 200 day moving average is $98.89. The company has a market cap of $173.01 million, a P/E ratio of 11.94 and a beta of 0.87.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.3468 dividend. This represents a $1.39 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Investors Weigh In On First Trust Multi Cap Value AlphaDEX Fund

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new position in First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter valued at about $25,000. Anchor Investment Management LLC bought a new position in First Trust Multi Cap Value AlphaDEX Fund in the first quarter worth about $33,000. Geneos Wealth Management Inc. lifted its position in shares of 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 last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter valued at about $53,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the first quarter valued at about $105,000.

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.