First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Trading Down 1.1% - Here's What Happened

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report) shares dropped 1.1% during trading on Thursday . The company traded as low as $84.26 and last traded at $84.38. Approximately 597 shares were traded during trading, a decline of 81% from the average daily volume of 3,182 shares. The stock had previously closed at $85.31.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

The stock has a market capitalization of $122.93 million, a price-to-earnings ratio of 11.94 and a beta of 1.22. The business has a 50-day moving average of $81.21 and a 200-day moving average of $80.20.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

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

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its stake in First Trust Multi Cap Value AlphaDEX Fund by 26.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 25,592 shares of the company's stock valued at $2,111,000 after buying an additional 5,277 shares during the period. LPL Financial LLC raised its holdings in First Trust Multi Cap Value AlphaDEX Fund by 3.4% during the fourth quarter. LPL Financial LLC now owns 48,376 shares of the company's stock worth $3,990,000 after purchasing an additional 1,581 shares in the last quarter. Envestnet Asset Management Inc. lifted its position 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 valued at $475,000 after purchasing an additional 2,811 shares during the period. Raymond James Financial Inc. purchased a new stake in First Trust Multi Cap Value AlphaDEX Fund in the 4th quarter valued at approximately $4,963,000. Finally, Stifel Financial Corp increased its position in First Trust Multi Cap Value AlphaDEX Fund by 3.2% during the 4th quarter. Stifel Financial Corp now owns 23,590 shares of the company's stock worth $1,946,000 after purchasing an additional 730 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.