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

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) fell 0.2% on Monday . The company traded as low as $102.32 and last traded at $102.46. Approximately 17,781 shares changed hands during trading, an increase of 108% from the average daily volume of 8,552 shares. The stock had previously closed at $102.67.

First Trust Multi Cap Value AlphaDEX Fund Stock Down 0.2%

The firm has a 50 day moving average of $105.81 and a 200 day moving average of $100.61. The firm has a market cap of $163.94 million, a price-to-earnings ratio of 11.94 and a beta of 0.87.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.3468 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

Hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC boosted its stake in First Trust Multi Cap Value AlphaDEX Fund by 3.2% during the second quarter. Citadel Advisors LLC now owns 34,195 shares of the company’s stock worth $3,471,000 after acquiring an additional 1,056 shares in the last quarter. Centaurus Financial Inc. bought a new stake in First Trust Multi Cap Value AlphaDEX Fund in the first quarter valued at $105,000. Cetera Investment Advisers increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 3.4% in the first quarter. Cetera Investment Advisers now owns 6,867 shares of the company’s stock valued at $649,000 after purchasing an additional 229 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the first quarter valued at about $33,000. Finally, Kestra Advisory Services LLC raised its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 25.5% during the first quarter. Kestra Advisory Services LLC now owns 2,341 shares of the company’s stock valued at $221,000 after purchasing an additional 475 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.