First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Shares Up 0.9% – Should You Buy?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) rose 0.9% during trading on Thursday . The company traded as high as $182.64 and last traded at $182.13. Approximately 9,433 shares traded hands during trading, a decline of 26% from the average daily volume of 12,692 shares. The stock had previously closed at $180.49.

First Trust Multi Cap Growth AlphaDEX Fund Trading Up 0.9%

The firm has a market cap of $473.54 million, a price-to-earnings ratio of 25.26 and a beta of 1.17. The stock has a fifty day moving average price of $170.38 and a 200 day moving average price of $166.74.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.0218 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.0%. This is a positive change from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.01.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC increased its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 0.4% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 32,639 shares of the company’s stock valued at $5,240,000 after acquiring an additional 116 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 1.0% during the 3rd quarter. Private Advisor Group LLC now owns 14,133 shares of the company’s stock valued at $2,269,000 after acquiring an additional 137 shares during the last quarter. Stonebridge Financial Planning Group LLC increased its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 1.6% during the 4th quarter. Stonebridge Financial Planning Group LLC now owns 10,415 shares of the company’s stock valued at $1,686,000 after acquiring an additional 161 shares during the last quarter. Synergy Investment Management LLC increased its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 0.7% during the 4th quarter. Synergy Investment Management LLC now owns 26,450 shares of the company’s stock valued at $4,281,000 after acquiring an additional 180 shares during the last quarter. Finally, Nwam LLC increased its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 5.1% during the 4th quarter. Nwam LLC now owns 4,054 shares of the company’s stock valued at $688,000 after acquiring an additional 196 shares during the last quarter.

About First Trust Multi Cap Growth AlphaDEX Fund

First Trust Multi Cap Growth AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Multi Cap Growth Index (the Index). The Index is an enhanced index created and administered by Standard & Poor’s, which selects stocks from the S&P Composite 1500/Citigroup Growth Index. Standard & Poor’s constructs the Index by employing the AlphaDEX stock selection methodology to rank the stocks from the three component indices that comprise the S&P Composite 1500/Citigroup Growth Index, which are the S&P 500/Citigroup Growth Index, the S&P MidCap 400/Citigroup Growth Index and the S&P SmallCap 600/Citigroup Growth Index.