First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Trading 0.1% Higher – Should You Buy?

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB)’s stock price shot up 0.1% on Monday . The company traded as high as $82.84 and last traded at $82.53. 2,056 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 5,770 shares. The stock had previously closed at $82.43.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

The stock has a 50-day moving average of $83.42 and a two-hundred day moving average of $84.22. The company has a market cap of $132.05 million, a P/E ratio of 11.93 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.577 dividend. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On First Trust Multi Cap Value AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its position in First Trust Multi Cap Value AlphaDEX Fund by 8,348.9% during the third quarter. International Assets Investment Management LLC now owns 66,493 shares of the company’s stock valued at $5,618,000 after buying an additional 65,706 shares during the period. Raymond James Financial Inc. bought a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the 4th quarter valued at about $4,963,000. Citadel Advisors LLC boosted its holdings in First Trust Multi Cap Value AlphaDEX Fund by 814.2% during the 4th quarter. Citadel Advisors LLC now owns 22,132 shares of the company’s stock valued at $1,825,000 after acquiring an additional 19,711 shares during the period. Proactive Wealth Strategies LLC bought a new position in First Trust Multi Cap Value AlphaDEX Fund during the 3rd quarter worth approximately $669,000. Finally, Virtu Financial LLC grew its position in First Trust Multi Cap Value AlphaDEX Fund by 218.9% during the 3rd quarter. Virtu Financial LLC now owns 8,454 shares of the company’s stock worth $714,000 after acquiring an additional 5,803 shares during 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.