First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Shares Down 0.2% - Should You Sell?

Key Points

• The First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) shares declined by 0.2% on Monday, trading at $87.14 after reaching a low of $86.72.
• The fund recently announced an increase in its quarterly dividend to $0.3783, representing a yield of 1.7%, from the previous dividend of $0.31.
• Institutional investors have been adjusting their stakes in FAB, with notable increases from firms such as Raymond James Financial and LPL Financial in the recent quarters.

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - )'s stock price traded down 0.2% on Monday . The stock traded as low as $86.72 and last traded at $87.14. 3,153 shares changed hands during trading, an increase of 3% from the average session volume of 3,052 shares. The stock had previously closed at $87.30.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

The company has a 50-day moving average of $85.86 and a 200-day moving average of $81.20. The firm has a market capitalization of $126.35 million, a price-to-earnings ratio of 11.94 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th will be issued a $0.3783 dividend. This represents a $1.51 annualized dividend and a dividend yield of 1.7%. This is a boost from First Trust Multi Cap Value AlphaDEX Fund's previous quarterly dividend of $0.31. The ex-dividend date is Thursday, September 25th.

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

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. boosted its stake in First Trust Multi Cap Value AlphaDEX Fund by 3.4% in the 2nd quarter. Raymond James Financial Inc. now owns 61,711 shares of the company's stock worth $5,015,000 after purchasing an additional 2,053 shares during the period. LPL Financial LLC lifted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 4.2% in the first quarter. LPL Financial LLC now owns 50,384 shares of the company's stock valued at $4,006,000 after purchasing an additional 2,008 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 1.8% during the second quarter. Osaic Holdings Inc. now owns 34,421 shares of the company's stock worth $2,797,000 after buying an additional 620 shares during the period. Northeast Planning Associates INC. NH boosted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 1.7% during the second quarter. Northeast Planning Associates INC. NH now owns 21,217 shares of the company's stock worth $1,724,000 after buying an additional 355 shares during the period. Finally, PFG Advisors grew its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.3% during the first quarter. PFG Advisors now owns 15,425 shares of the company's stock worth $1,226,000 after buying an additional 490 shares in the last quarter.

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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