First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Stock Price Up 0.9% - Here's Why

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report)'s share price was up 0.9% during mid-day trading on Wednesday . The company traded as high as $84.09 and last traded at $84.02. Approximately 1,501 shares changed hands during 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 Price Performance

The business's 50-day moving average is $79.45 and its two-hundred day moving average is $80.06. The firm has a market cap of $122.22 million, a P/E ratio of 11.94 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FAB. Golden State Wealth Management LLC increased its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,994 shares of the company's stock worth $159,000 after acquiring an additional 997 shares in the last quarter. Jones Financial Companies Lllp raised its position in First Trust Multi Cap Value AlphaDEX Fund by 39.7% during 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. Envestnet Asset Management Inc. increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 95.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,754 shares of the company's stock worth $475,000 after purchasing an additional 2,811 shares during the period. Stratos Wealth Partners LTD. grew its stake 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 worth $493,000 after acquiring an additional 656 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 31.7% in the first quarter. Cetera Investment Advisers now owns 6,473 shares of the company's stock valued at $515,000 after purchasing an additional 1,559 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.