First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Shares Down 0.5% - Should You Sell?

Key Points

• The First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) saw a share price decrease of 0.5%, trading at $85.12, with a significant drop in trading volume to 267 shares, down from an average of 3,000.
• Recently, the fund announced a quarterly dividend of $0.3085, an increase from the previous dividend of $0.20, which provides a 1.4% yield.
• Several institutional investors have significantly increased their stakes in FAB, including Citadel Advisors LLC and NBC Securities Inc., highlighting growing institutional interest.

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report) dropped 0.5% during mid-day trading on Friday . The company traded as low as $85.12 and last traded at $85.12. Approximately 267 shares traded hands during trading, a decline of 91% from the average daily volume of 3,000 shares. The stock had previously closed at $85.59.

First Trust Multi Cap Value AlphaDEX Fund Trading Down 0.4%

The stock's fifty day moving average price is $82.91 and its 200-day moving average price is $80.14. The firm has a market cap of $123.61 million, a price-to-earnings ratio of 11.94 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The business also recently announced 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 boost from First Trust Multi Cap Value AlphaDEX Fund's previous quarterly dividend of $0.20. The ex-dividend date was Thursday, June 26th. This represents a $1.23 annualized dividend and a yield of 1.4%.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its position in First Trust Multi Cap Value AlphaDEX Fund by 29.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,394 shares of the company's stock valued at $113,000 after buying an additional 320 shares during the period. Trust Co. of Toledo NA OH purchased a new position in First Trust Multi Cap Value AlphaDEX Fund in the 2nd quarter valued at approximately $28,000. Northeast Planning Associates INC. NH boosted its position in First Trust Multi Cap Value AlphaDEX Fund by 1.7% in the 2nd quarter. Northeast Planning Associates INC. NH now owns 21,217 shares of the company's stock valued at $1,724,000 after buying an additional 355 shares during the period. Geneos Wealth Management Inc. boosted its position in First Trust Multi Cap Value AlphaDEX Fund by 155.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 628 shares of the company's stock valued at $51,000 after buying an additional 382 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in First Trust Multi Cap Value AlphaDEX Fund in the 2nd quarter valued at approximately $32,000.

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.