First Trust Multi Cap Value AlphaDEX Fund Declares Quarterly Dividend of $0.36 (NASDAQ:FAB)

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) announced a quarterly dividend on Wednesday, March 25th. Stockholders of record on Thursday, March 26th will be given a dividend of 0.3634 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, March 26th.

First Trust Multi Cap Value AlphaDEX Fund Trading Up 0.6%

NASDAQ FAB opened at $94.82 on Thursday. The firm’s fifty day simple moving average is $95.45 and its two-hundred day simple moving average is $90.55. The firm has a market capitalization of $128.01 million, a P/E ratio of 11.94 and a beta of 1.00. First Trust Multi Cap Value AlphaDEX Fund has a 12-month low of $67.96 and a 12-month high of $99.16.

Institutional Trading of First Trust Multi Cap Value AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FAB. Northwestern Mutual Wealth Management Co. raised its position in 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 during the period. Jones Financial Companies Lllp grew 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 valued at $624,000 after purchasing an additional 5,285 shares during the period. Osaic Holdings Inc. increased its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 10.4% during the fourth quarter. Osaic Holdings Inc. now owns 42,940 shares of the company’s stock worth $3,828,000 after purchasing 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 during the third quarter worth about $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% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 2,410 shares of the company’s stock worth $210,000 after purchasing an additional 2,345 shares during 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.