First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Shares Up 0.9% - Should You Buy?

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report)'s share price was up 0.9% during trading on Wednesday . The company traded as high as $84.09 and last traded at $84.02. Approximately 1,501 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 3,364 shares. The stock had previously closed at $83.29.

First Trust Multi Cap Value AlphaDEX Fund Trading Up 0.3%

The firm has a market capitalization of $122.22 million, a price-to-earnings ratio of 11.94 and a beta of 1.22. The firm has a 50 day moving average price of $79.45 and a two-hundred day moving average price of $80.07.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.3085 dividend. This is a positive change from First Trust Multi Cap Value AlphaDEX Fund's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.23 annualized dividend and a yield of 1.46%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. PFG Advisors raised its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.3% in the 1st quarter. PFG Advisors now owns 15,425 shares of the company's stock valued at $1,226,000 after acquiring an additional 490 shares during the period. Stratos Wealth Partners LTD. increased its holdings in First Trust Multi Cap Value AlphaDEX Fund by 11.8% in the 1st quarter. Stratos Wealth Partners LTD. now owns 6,195 shares of the company's stock valued at $493,000 after purchasing an additional 656 shares in the last quarter. Jones Financial Companies Lllp raised its position in First Trust Multi Cap Value AlphaDEX Fund by 39.7% in the fourth quarter. Jones Financial Companies Lllp now owns 2,563 shares of the company's stock valued at $211,000 after purchasing an additional 728 shares during the period. Stifel Financial Corp lifted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.2% during the fourth quarter. Stifel Financial Corp now owns 23,590 shares of the company's stock worth $1,946,000 after purchasing an additional 730 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,994 shares of the company's stock worth $159,000 after buying an additional 997 shares during the period.

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.