First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Stock Price Down 0.7% – Here’s Why

Shares of First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) dropped 0.7% during mid-day trading on Tuesday . The company traded as low as $94.11 and last traded at $94.12. Approximately 1,623 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 3,479 shares. The stock had previously closed at $94.83.

First Trust Multi Cap Value AlphaDEX Fund Stock Down 0.7%

The company has a market cap of $126.10 million, a P/E ratio of 11.94 and a beta of 1.00. The company has a fifty day moving average of $95.05 and a 200 day moving average of $90.13.

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

Several institutional investors have recently made changes to their positions in FAB. Jones Financial Companies Lllp grew its position in First Trust Multi Cap Value AlphaDEX Fund by 206.2% during the first quarter. Jones Financial Companies Lllp now owns 7,848 shares of the company’s stock valued at $624,000 after buying an additional 5,285 shares during the period. Virtu Financial LLC raised its position in First Trust Multi Cap Value AlphaDEX Fund by 29.0% in the fourth quarter. Virtu Financial LLC now owns 3,391 shares of the company’s stock worth $302,000 after acquiring an additional 762 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of First Trust Multi Cap Value AlphaDEX Fund during the 4th quarter worth $166,000. Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 29.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,394 shares of the company’s stock valued at $113,000 after acquiring an additional 320 shares during the period. Finally, Geneos Wealth Management Inc. grew 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 valued at $51,000 after acquiring an additional 382 shares during the period.

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.