First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Stock Price Up 1.4% - Should You Buy?

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report) traded up 1.4% during trading on Monday . The company traded as high as $71.79 and last traded at $73.17. 347 shares changed hands during trading, a decline of 92% from the average session volume of 4,194 shares. The stock had previously closed at $72.18.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

The company has a market cap of $109.20 million, a PE ratio of 12.61 and a beta of 1.07. The company has a 50 day simple moving average of $77.66 and a two-hundred day simple moving average of $82.37.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter worth approximately $82,000. Jones Financial Companies Lllp boosted its holdings in First Trust Multi Cap Value AlphaDEX Fund by 39.7% in the fourth quarter. Jones Financial Companies Lllp now owns 2,563 shares of the company's stock worth $211,000 after purchasing an additional 728 shares in the last quarter. PFG Investments LLC increased its position in First Trust Multi Cap Value AlphaDEX Fund by 10.8% during the fourth quarter. PFG Investments LLC now owns 4,348 shares of the company's stock worth $359,000 after buying an additional 424 shares during the last quarter. Truist Financial Corp bought a new position in First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter valued at about $392,000. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 5,539 shares of the company's stock worth $457,000 after acquiring an additional 164 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.