First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Shares Up 0.8% - What's Next?

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report)'s share price rose 0.8% during trading on Friday . The stock traded as high as $89.91 and last traded at $89.82. Approximately 2,293 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 2,644 shares. The stock had previously closed at $89.15.First Trust Multi Cap Value AlphaDEX Fund Stock Up 0.8%The company has a 50-day moving average of $87.90 and a 200-day moving average of $86.06. The company has a market cap of $121.26 million, a PE ratio of 11.94 and a beta of 1.00. First Trust Multi Cap Value AlphaDEX Fund Increases DividendThe company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.5149 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.06 dividend on an annualized basis and a yield of 2.3%. This is a positive change from First Trust Multi Cap Value AlphaDEX Fund's previous quarterly dividend of $0.38. Institutional Trading of First Trust Multi Cap Value AlphaDEX FundSeveral institutional investors and hedge funds have recently made changes to their positions in the company. Trust Co. of Toledo NA OH purchased a new position in First Trust Multi Cap Value AlphaDEX Fund during the second quarter worth about $28,000. Ameritas Advisory Services LLC purchased a new stake in First Trust Multi Cap Value AlphaDEX Fund in the 2nd quarter valued at about $32,000. Geneos Wealth Management Inc. lifted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 155.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 628 shares of the company's stock worth $51,000 after buying an additional 382 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 29.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,394 shares of the company's stock worth $113,000 after buying an additional 320 shares during the last quarter. Finally, Clearstead Advisors LLC purchased a new position in shares of First Trust Multi Cap Value AlphaDEX Fund in the 3rd quarter worth approximately $202,000. First Trust Multi Cap Value AlphaDEX Fund Company Profile (Get Free Report)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. Further ReadingFive stocks we like better than First Trust Multi Cap Value AlphaDEX FundDo not delete, read immediatelyThe $100 Trillion AI Story No One Is Telling YouIf You Keep Cash In A U.S. Bank Account… Read This NOWBut this $2 Gold Stock Before May 20, 20263 Overlooked Deductions to Help Potentially Minimize Capital Gains TaxThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in First Trust Multi Cap Value AlphaDEX Fund Right Now?Before you consider First Trust Multi Cap Value AlphaDEX Fund, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Trust Multi Cap Value AlphaDEX Fund wasn't on the list.While First Trust Multi Cap Value AlphaDEX Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here