First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Stock Price Up 0.8% – Should You Buy?

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) shares traded up 0.8% during trading on Friday . The company traded as high as $89.91 and last traded at $89.82. 2,293 shares were traded during trading, a decline of 13% from the average session volume of 2,644 shares. The stock had previously closed at $89.15.

First Trust Multi Cap Value AlphaDEX Fund Stock Up 0.8%

The company has a 50-day simple moving average of $87.90 and a two-hundred day simple moving average of $86.06. The firm has a market cap of $121.26 million, a PE ratio of 11.94 and a beta of 1.00.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.5149 dividend. This is an increase from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.3%.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. increased its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 0.7% during the 3rd quarter. Raymond James Financial Inc. now owns 62,143 shares of the company’s stock worth $5,423,000 after purchasing an additional 432 shares during the last quarter. PFG Advisors grew its holdings in First Trust Multi Cap Value AlphaDEX Fund by 2.2% during the third quarter. PFG Advisors now owns 15,525 shares of the company’s stock valued at $1,355,000 after purchasing an additional 340 shares during the period. Clearstead Advisors LLC purchased a new stake in First Trust Multi Cap Value AlphaDEX Fund in the third quarter worth $202,000. Ameritas Advisory Services LLC increased its position in First Trust Multi Cap Value AlphaDEX Fund by 267.8% in the third quarter. Ameritas Advisory Services LLC now owns 1,427 shares of the company’s stock worth $125,000 after buying an additional 1,039 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 6.1% in the third quarter. Jones Financial Companies Lllp now owns 4,017 shares of the company’s stock valued at $351,000 after buying an additional 230 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.