First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Plans Quarterly Dividend of $0.36

Key Points

• First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) declared a quarterly dividend of $0.3634 per share, payable March 31 to shareholders of record March 26 (ex-dividend date March 26), implying an annualized yield of about 1.5%.
• FAB shares opened at $94.82 with a market capitalization of $128.01 million, a P/E of 11.94, a 52-week range of $67.96–$99.16, and 50-/200-day moving averages near $95.45 and $90.55 respectively.
• Institutional investors have been increasing positions recently, notably Osaic Holdings (+10.4%, +4,048 shares) and Northwestern Mutual Wealth Management (+2,590.1%, +20,747 shares).

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report) declared a quarterly dividend on Wednesday, March 25th. Shareholders of record on Thursday, March 26th will be given a dividend of 0.3634 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, March 26th.

First Trust Multi Cap Value AlphaDEX Fund Stock Up 0.6%

Shares of FAB stock opened at $94.82 on Thursday. The firm has a market capitalization of $128.01 million, a PE ratio of 11.94 and a beta of 1.00. First Trust Multi Cap Value AlphaDEX Fund has a 52 week low of $67.96 and a 52 week high of $99.16. The company has a 50 day moving average price of $95.45 and a 200-day moving average price of $90.55.

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

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. raised its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 0.7% during the third quarter. Raymond James Financial Inc. now owns 62,143 shares of the company's stock valued at $5,423,000 after acquiring an additional 432 shares in the last quarter. LPL Financial LLC increased its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 0.4% in the fourth quarter. LPL Financial LLC now owns 45,669 shares of the company's stock valued at $4,072,000 after purchasing an additional 164 shares during the period. Osaic Holdings Inc. raised its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 10.4% during the 4th quarter. Osaic Holdings Inc. now owns 42,940 shares of the company's stock valued at $3,828,000 after buying an additional 4,048 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 2,590.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 21,548 shares of the company's stock worth $1,921,000 after acquiring an additional 20,747 shares during the period. Finally, PFG Advisors grew its holdings in First Trust Multi Cap Value AlphaDEX Fund by 2.2% in the third quarter. PFG Advisors now owns 15,525 shares of the company's stock valued at $1,355,000 after purchasing an additional 340 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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