First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Increases Dividend to $0.31 Per Share

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report) declared a quarterly dividend on Wednesday, June 25th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 26th will be paid a dividend of 0.3085 per share on Monday, June 30th. This represents a $1.23 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, June 26th. This is a 58.2% increase from First Trust Multi Cap Value AlphaDEX Fund's previous quarterly dividend of $0.20.

First Trust Multi Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ:FAB traded up $0.82 during mid-day trading on Thursday, hitting $81.27. The company had a trading volume of 1,546 shares, compared to its average volume of 3,402. First Trust Multi Cap Value AlphaDEX Fund has a one year low of $67.96 and a one year high of $90.30. The firm has a fifty day moving average price of $78.23 and a 200 day moving average price of $80.22. The company has a market capitalization of $117.84 million, a PE ratio of 12.75 and a beta of 1.22.

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

A hedge fund recently raised its stake in First Trust Multi Cap Value AlphaDEX Fund stock. Jones Financial Companies Lllp grew its position in shares of First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Free Report) by 206.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,848 shares of the company's stock after acquiring an additional 5,285 shares during the quarter. Jones Financial Companies Lllp owned about 0.54% of First Trust Multi Cap Value AlphaDEX Fund worth $624,000 as of its most recent filing with the Securities & Exchange Commission.

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.

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