First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Shares Down 0.8% – Here’s What Happened

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB)’s stock price was down 0.8% during mid-day trading on Thursday . The stock traded as low as $97.72 and last traded at $97.84. Approximately 2,702 shares were traded during trading, a decline of 0% from the average daily volume of 2,703 shares. The stock had previously closed at $98.63.

First Trust Multi Cap Value AlphaDEX Fund Stock Down 0.8%

The stock has a market cap of $136.98 million, a PE ratio of 11.94 and a beta of 0.89. The firm has a 50-day simple moving average of $96.12 and a 200-day simple moving average of $92.61.

First Trust Multi Cap Value AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.3634 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.45 annualized dividend and a dividend yield of 1.5%.

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

Several institutional investors have recently made changes to their positions in FAB. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 2,590.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 21,548 shares of the company’s stock worth $1,921,000 after acquiring an additional 20,747 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 206.2% in the first quarter. Jones Financial Companies Lllp now owns 7,848 shares of the company’s stock worth $624,000 after buying an additional 5,285 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 10.4% in the fourth quarter. Osaic Holdings Inc. now owns 42,940 shares of the company’s stock worth $3,828,000 after buying an additional 4,048 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the third quarter worth $229,000. Finally, GPS Wealth Strategies Group LLC raised its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 3,607.7% in the third quarter. GPS Wealth Strategies Group LLC now owns 2,410 shares of the company’s stock worth $210,000 after buying an additional 2,345 shares in the last quarter.

About First Trust Multi Cap Value AlphaDEX Fund

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.