First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report) fell 1.1% on Thursday . The stock traded as low as $84.26 and last traded at $84.38. 597 shares were traded during trading, a decline of 81% from the average session volume of 3,182 shares. The stock had previously closed at $85.31.
First Trust Multi Cap Value AlphaDEX Fund Trading Down 0.3%
The stock has a market capitalization of $122.57 million, a PE ratio of 11.94 and a beta of 1.22. The firm's 50-day simple moving average is $81.29 and its two-hundred day simple moving average is $80.19.
First Trust Multi Cap Value AlphaDEX Fund Increases Dividend
The company also recently disclosed 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. This represents a $1.23 annualized dividend and a yield of 1.46%. This is a boost 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.
Hedge Funds Weigh In On First Trust Multi Cap Value AlphaDEX Fund
Several institutional investors and hedge funds have recently modified their holdings of FAB. Trust Co. of Toledo NA OH acquired a new stake in First Trust Multi Cap Value AlphaDEX Fund during the second quarter valued at $28,000. Ameritas Advisory Services LLC acquired a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the 2nd quarter valued at $32,000. Golden State Wealth Management LLC lifted 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 valued at $159,000 after purchasing an additional 997 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 95.5% in 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 during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of 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 during the last quarter.
First Trust Multi Cap Value AlphaDEX Fund Company Profile
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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.
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