First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Shares Down 0.8% - Here's What Happened

Key Points

• Shares fell 0.8% intraday to $97.84 (low $97.72) on light volume of about 2,702 shares; the fund has a market cap of $136.98M, a P/E of 11.94, and is trading above its 50‑day ($96.12) and 200‑day ($92.61) moving averages.
• The fund paid a quarterly dividend of $0.3634 per share on March 31 (annualized $1.45), implying a yield of roughly 1.5% with an ex‑dividend date of March 26.
• Several institutional investors bumped their stakes recently—most notably Osaic Holdings (+10.4% to 42,940 shares)—while Envestnet, Virtu, Kestra and others also added or initiated positions.

Shares of First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - ) dropped 0.8% during mid-day trading on Thursday . The stock traded as low as $97.72 and last traded at $97.84. Approximately 2,702 shares traded hands during mid-day trading, a decline of 0% from the average daily volume of 2,703 shares. The stock had previously closed at $98.63.

First Trust Multi Cap Value AlphaDEX Fund Stock Down 0.8%

The firm has a 50 day moving average of $96.12 and a 200 day moving average of $92.61. The firm has a market cap of $136.98 million, a PE ratio of 11.94 and a beta of 0.89.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.3634 per share. This represents a $1.45 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Multi Cap Value AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. grew its holdings in First Trust Multi Cap Value AlphaDEX Fund by 10.4% during the fourth quarter. Osaic Holdings Inc. now owns 42,940 shares of the company's stock valued at $3,828,000 after purchasing an additional 4,048 shares during the period. Envestnet Asset Management Inc. grew its holdings in First Trust Multi Cap Value AlphaDEX Fund by 6.0% during the third quarter. Envestnet Asset Management Inc. now owns 5,441 shares of the company's stock valued at $475,000 after purchasing an additional 309 shares during the period. Virtu Financial LLC grew its holdings in First Trust Multi Cap Value AlphaDEX Fund by 29.0% during the fourth quarter. Virtu Financial LLC now owns 3,391 shares of the company's stock valued at $302,000 after purchasing an additional 762 shares during the period. Kestra Advisory Services LLC bought a new position in First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter valued at $166,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 155.3% during the second quarter. Geneos Wealth Management Inc. now owns 628 shares of the company's stock worth $51,000 after acquiring an additional 382 shares in the last quarter.

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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