First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Stock Price Up 0.8% – What’s Next?

by · The Markets Daily

Shares of First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB – Get Free Report) traded up 0.8% during trading on Friday . The stock traded as high as $89.91 and last traded at $89.82. 2,293 shares were traded during mid-day 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 business has a 50-day moving average price of $87.90 and a two-hundred day moving average price of $86.11. 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. Shareholders of record on Friday, December 12th were issued a dividend of $0.5149 per share. This is a positive change from First Trust Multi Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, December 12th. This represents a $2.06 annualized dividend and a yield of 2.3%.

Hedge Funds Weigh In On First Trust Multi Cap Value AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FAB. Jones Financial Companies Lllp grew its holdings in First Trust Multi Cap Value AlphaDEX Fund by 206.2% during the 1st quarter. Jones Financial Companies Lllp now owns 7,848 shares of the company’s stock worth $624,000 after acquiring an additional 5,285 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the 3rd quarter valued at $229,000. GPS Wealth Strategies Group LLC lifted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 3,607.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 2,410 shares of the company’s stock worth $210,000 after purchasing an additional 2,345 shares during the last quarter. Clearstead Advisors LLC acquired a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the third quarter worth $202,000. Finally, Raymond James Financial Inc. increased its holdings in First Trust Multi Cap Value AlphaDEX Fund by 3.4% in the second quarter. Raymond James Financial Inc. now owns 61,711 shares of the company’s stock valued at $5,015,000 after buying an additional 2,053 shares during the last quarter.

About First Trust Multi Cap Value AlphaDEX Fund

(Get Free Report)

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.

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