First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Shares Down 0.2% - Time to Sell?

Key Points

• FAB shares slipped 0.2% to $102.46, with trading volume rising 108% above its average; the fund’s market capitalization is approximately $163.9 million.
• The fund paid a quarterly dividend of $0.3468, equivalent to an annualized payout of $1.39 and a 1.4% yield.
• Institutional interest increased, with several investment firms raising their positions, including Northwestern Mutual Wealth Management, which expanded its stake by more than 2,500%.

Shares of First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - ) fell 0.2% during trading on Monday . The stock traded as low as $102.32 and last traded at $102.46. 17,781 shares changed hands during mid-day trading, an increase of 108% from the average daily volume of 8,552 shares. The stock had previously closed at $102.67.

First Trust Multi Cap Value AlphaDEX Fund Trading Down 0.2%

The firm has a market cap of $163.94 million, a price-to-earnings ratio of 11.94 and a beta of 0.87. The company's 50-day moving average is $105.81 and its 200-day moving average is $100.61.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.3468 dividend. This represents a $1.39 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Thursday, June 25th.

Institutional Investors Weigh In On First Trust Multi Cap Value AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC boosted its holdings in First Trust Multi Cap Value AlphaDEX Fund by 3.2% in the second quarter. Citadel Advisors LLC now owns 34,195 shares of the company's stock valued at $3,471,000 after acquiring an additional 1,056 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in First Trust Multi Cap Value AlphaDEX Fund by 2,590.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,548 shares of the company's stock valued at $1,921,000 after purchasing an additional 20,747 shares during the period. Cetera Investment Advisers raised its holdings in First Trust Multi Cap Value AlphaDEX Fund by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 6,867 shares of the company's stock worth $649,000 after purchasing an additional 229 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in First Trust Multi Cap Value AlphaDEX Fund by 25.5% during the 1st quarter. Kestra Advisory Services LLC now owns 2,341 shares of the company's stock worth $221,000 after purchasing an additional 475 shares during the last quarter. Finally, Moors & Cabot Inc. acquired a new position in shares of First Trust Multi Cap Value AlphaDEX Fund in the 4th quarter worth approximately $201,000.

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.

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