First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Trading 1% Higher - Should You Buy?

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report) was up 1% during mid-day trading on Tuesday . The company traded as high as $81.29 and last traded at $80.99. Approximately 2,594 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 3,573 shares. The stock had previously closed at $80.15.

First Trust Multi Cap Value AlphaDEX Fund Stock Down 1.2%

The stock has a market cap of $115.61 million, a P/E ratio of 12.75 and a beta of 1.22. The firm's 50-day moving average is $77.01 and its two-hundred day moving average is $80.70.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, March 27th.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 206.2% in the first quarter. Jones Financial Companies Lllp now owns 7,848 shares of the company's stock valued at $624,000 after purchasing an additional 5,285 shares during the period. LPL Financial LLC raised its holdings in First Trust Multi Cap Value AlphaDEX Fund by 4.2% in the 1st quarter. LPL Financial LLC now owns 50,384 shares of the company's stock worth $4,006,000 after acquiring an additional 2,008 shares during the period. Cetera Investment Advisers lifted its position in First Trust Multi Cap Value AlphaDEX Fund by 31.7% during the 1st quarter. Cetera Investment Advisers now owns 6,473 shares of the company's stock worth $515,000 after acquiring an additional 1,559 shares during the last quarter. PFG Advisors lifted its position in First Trust Multi Cap Value AlphaDEX Fund by 3.3% during the 1st quarter. PFG Advisors now owns 15,425 shares of the company's stock worth $1,226,000 after acquiring an additional 490 shares during the last quarter. Finally, Northeast Planning Associates INC. NH bought a new stake in First Trust Multi Cap Value AlphaDEX Fund during the first quarter valued at about $1,659,000.

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.