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

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

First Trust Multi Cap Value AlphaDEX Fund Price Performance

The firm has a market capitalization of $173.01 million, a P/E ratio of 11.94 and a beta of 0.87. The stock has a fifty day moving average of $103.18 and a 200 day moving average of $98.89.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.39 annualized dividend and a dividend yield of 1.3%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FAB. International Assets Investment Management LLC purchased a new position in First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter worth about $25,000. Anchor Investment Management LLC bought a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the 1st quarter valued at about $33,000. Geneos Wealth Management Inc. boosted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 155.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock valued at $51,000 after acquiring an additional 382 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter worth about $53,000. Finally, Centaurus Financial Inc. purchased a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the first quarter worth 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.