First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Plans Dividend Increase - $0.38 Per Share

Key Points

• The First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) announced a quarterly dividend increase to $0.38 per share, a 22.6% rise from its previous dividend of $0.31.
• The dividend will be distributed on September 30th to investors who are on record by September 25th, with an annualized yield of 1.8%.
• FAB's current stock price is $86.25, with a market capitalization of $125.06 million and a P/E ratio of 11.94.

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report) declared a quarterly dividend on Wednesday, September 24th, NASDAQ Dividends reports. Investors of record on Thursday, September 25th will be given a dividend of 0.3783 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, September 25th. This is a 22.6% increase from First Trust Multi Cap Value AlphaDEX Fund's previous quarterly dividend of $0.31.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

Shares of FAB stock traded down $1.18 during trading on Thursday, hitting $86.25. The company had a trading volume of 6,502 shares, compared to its average volume of 3,062. The stock's 50-day moving average price is $85.62 and its 200 day moving average price is $80.99. The firm has a market capitalization of $125.06 million, a P/E ratio of 11.94 and a beta of 1.22. First Trust Multi Cap Value AlphaDEX Fund has a one year low of $67.96 and a one year high of $90.30.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new position in shares of First Trust Multi Cap Value AlphaDEX Fund in the second quarter valued at approximately $28,000. Ameritas Advisory Services LLC bought a new stake in First Trust Multi Cap Value AlphaDEX Fund in the second quarter valued at approximately $32,000. Geneos Wealth Management Inc. raised its position in 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 purchasing an additional 382 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 29.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,394 shares of the company's stock worth $113,000 after acquiring an additional 320 shares during the period. Finally, Golden State Wealth Management LLC grew its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,994 shares of the company's stock valued at $159,000 after acquiring an additional 997 shares during the period.

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.

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