First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Shares Down 0.7% - Should You Sell?

Key Points

• Shares of First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) slipped about 0.7% to $94.12 in midday trading on Tuesday on below‑average volume, with 50‑ and 200‑day moving averages at $94.95 and $90.11 respectively.
• The fund raised its quarterly dividend to $0.5149 (annualized $2.06), lifting the yield to roughly 2.2% from the prior quarterly payout of $0.38; the ex‑dividend date was Dec. 12.
• Several institutional investors increased holdings recently, notably Jones Financial Companies which boosted its stake by 206.2% to 7,848 shares, reflecting recent institutional inflows.

Shares of First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - ) dropped 0.7% during mid-day trading on Tuesday . The stock traded as low as $94.11 and last traded at $94.12. Approximately 1,623 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 3,479 shares. The stock had previously closed at $94.83.

First Trust Multi Cap Value AlphaDEX Fund Stock Down 0.7%

The company has a market capitalization of $127.06 million, a PE ratio of 11.94 and a beta of 1.00. The stock has a 50-day moving average of $94.95 and a 200 day moving average of $90.11.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.5149 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.2%. This is a boost from First Trust Multi Cap Value AlphaDEX Fund's previous quarterly dividend of $0.38. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FAB. Jones Financial Companies Lllp increased its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 206.2% during the 1st quarter. Jones Financial Companies Lllp now owns 7,848 shares of the company's stock worth $624,000 after purchasing an additional 5,285 shares during the last quarter. Northeast Planning Associates INC. NH lifted its stake in First Trust Multi Cap Value AlphaDEX Fund by 1.7% in the second quarter. Northeast Planning Associates INC. NH now owns 21,217 shares of the company's stock valued at $1,724,000 after purchasing an additional 355 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in 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 valued at $113,000 after purchasing an additional 320 shares during the last quarter. Raymond James Financial Inc. grew its holdings in First Trust Multi Cap Value AlphaDEX Fund by 3.4% during the second quarter. Raymond James Financial Inc. now owns 61,711 shares of the company's stock valued at $5,015,000 after purchasing an additional 2,053 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in First Trust Multi Cap Value AlphaDEX Fund by 155.3% in the second quarter. Geneos Wealth Management Inc. now owns 628 shares of the company's stock worth $51,000 after buying an additional 382 shares during 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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