First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Trading Up 0.2% – Time to Buy?

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

First Trust Multi Cap Value AlphaDEX Fund Trading Up 0.2%

The stock’s fifty day moving average price is $103.18 and its 200 day moving average price is $98.89. The stock has a market cap of $173.01 million, a P/E ratio of 11.94 and a beta of 0.87.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.3468 dividend. This represents a $1.39 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, June 25th.

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

Several hedge funds have recently added to or reduced their stakes in the company. Centaurus Financial Inc. purchased a new position in shares of First Trust Multi Cap Value AlphaDEX Fund in the 1st quarter worth about $105,000. Cetera Investment Advisers raised its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 6,867 shares of the company’s stock valued at $649,000 after buying an additional 229 shares in the last quarter. Anchor Investment Management LLC bought a new stake in First Trust Multi Cap Value AlphaDEX Fund in the 1st quarter worth approximately $33,000. Kestra Advisory Services LLC lifted its position in First Trust Multi Cap Value AlphaDEX Fund by 25.5% in the 1st quarter. Kestra Advisory Services LLC now owns 2,341 shares of the company’s stock worth $221,000 after buying an additional 475 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in First Trust Multi Cap Value AlphaDEX Fund by 29.0% in the fourth quarter. Virtu Financial LLC now owns 3,391 shares of the company’s stock worth $302,000 after buying an additional 762 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.