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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) traded up 0.2% on Monday . The company traded as high as $93.48 and last traded at $93.5650. 803 shares were traded during 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 Stock Up 0.2%

The firm has a market capitalization of $126.31 million, a P/E ratio of 11.94 and a beta of 1.00. The company has a fifty day simple moving average of $90.09 and a 200 day simple moving average of $87.32.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid 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 dividend yield of 2.2%. This is an increase from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.38.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Truist Financial Corp raised its stake in First Trust Multi Cap Value AlphaDEX Fund by 19.8% during the 3rd quarter. Truist Financial Corp now owns 5,231 shares of the company’s stock worth $457,000 after acquiring an additional 865 shares during the period. Ameritas Advisory Services LLC boosted its position in shares of 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 purchasing an additional 1,039 shares during the period. Clearstead Advisors LLC purchased a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the third quarter worth $202,000. PFG Advisors raised its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 2.2% during the 3rd 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. Finally, PFG Investments LLC lifted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 6.3% during the 4th quarter. PFG Investments LLC now owns 4,343 shares of the company’s stock valued at $387,000 after buying an additional 257 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.