First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Hits New 1-Year High – Time to Buy?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $191.32 and last traded at $194.0450, with a volume of 14644 shares trading hands. The stock had previously closed at $190.19.

First Trust Multi Cap Growth AlphaDEX Fund Stock Performance

The company has a market capitalization of $505.09 million, a PE ratio of 25.26 and a beta of 1.17. The stock’s fifty day simple moving average is $179.20 and its 200-day simple moving average is $170.00.

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. This represents a $0.09 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, March 26th. This is an increase from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.01.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 4th quarter valued at approximately $37,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 4th quarter valued at approximately $50,000. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 4th quarter valued at approximately $58,000. US Bancorp DE purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 3rd quarter valued at approximately $62,000. Finally, Advocate Investing Services LLC boosted its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 223.9% during the 1st quarter. Advocate Investing Services LLC now owns 434 shares of the company’s stock valued at $69,000 after buying an additional 300 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.