First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Trading 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.

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

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

The stock's 50-day simple moving average is $82.63 and its 200 day simple moving average is $80.06. The company has a market capitalization of $123.42 million, a PE ratio of 11.94 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a dividend of $0.3085 per share. The ex-dividend date was Thursday, June 26th. This is an increase from First Trust Multi Cap Value AlphaDEX Fund's previous quarterly dividend of $0.20. This represents a $1.23 dividend on an annualized basis and a yield of 1.4%.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 95.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 5,754 shares of the company's stock valued at $475,000 after purchasing an additional 2,811 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter valued at about $4,963,000. Stifel Financial Corp lifted its stake in 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 valued at $1,946,000 after buying an additional 730 shares in the last quarter. Citadel Advisors LLC lifted its stake in First Trust Multi Cap Value AlphaDEX Fund by 814.2% during the fourth quarter. Citadel Advisors LLC now owns 22,132 shares of the company's stock valued at $1,825,000 after buying an additional 19,711 shares in the last quarter. Finally, NBC Securities Inc. lifted its stake in First Trust Multi Cap Value AlphaDEX Fund by 108,544.4% during the first quarter. NBC Securities Inc. now owns 9,778 shares of the company's stock valued at $777,000 after buying an additional 9,769 shares in the last quarter.

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.