First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Shares Up 0.3% - Should You Buy?

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report)'s share price shot up 0.3% during mid-day trading on Thursday . The company traded as high as $97.64 and last traded at $97.3990. 2,647 shares changed hands during trading, a decline of 7% from the average session volume of 2,848 shares. The stock had previously closed at $97.08.First Trust Multi Cap Value AlphaDEX Fund Stock Up 0.3%The business has a 50-day moving average price of $95.95 and a 200-day moving average price of $91.44. The company has a market capitalization of $136.36 million, a price-to-earnings ratio of 11.94 and a beta of 0.93. First Trust Multi Cap Value AlphaDEX Fund Cuts DividendThe business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.3634 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.5%. Institutional Investors Weigh In On First Trust Multi Cap Value AlphaDEX FundInstitutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund during the fourth quarter worth $25,000. Geneos Wealth Management Inc. lifted its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 155.3% in the second quarter. Geneos Wealth Management Inc. now owns 628 shares of the company's stock valued at $51,000 after purchasing an additional 382 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter worth $53,000. Sound Income Strategies LLC acquired a new stake in shares of First Trust Multi Cap Value AlphaDEX Fund in the fourth quarter worth $83,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 29.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,394 shares of the company's stock valued at $113,000 after buying an additional 320 shares in the last quarter. About First Trust Multi Cap Value AlphaDEX Fund (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. Featured StoriesFive stocks we like better than First Trust Multi Cap Value AlphaDEX FundThis 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