First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Sees Large Volume Increase – Here’s Why

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) shares saw an uptick in trading volume on Monday . 31,969 shares traded hands during mid-day trading, an increase of 138% from the previous session’s volume of 13,413 shares.The stock last traded at $191.37 and had previously closed at $191.69.

First Trust Multi Cap Growth AlphaDEX Fund Price Performance

The firm has a 50-day simple moving average of $189.45 and a 200 day simple moving average of $177.40. The stock has a market capitalization of $592.78 million, a P/E ratio of 25.26 and a beta of 1.16.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.0711 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. This is a boost from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, June 25th.

Institutional Investors Weigh In On First Trust Multi Cap Growth AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in First Trust Multi Cap Growth AlphaDEX Fund by 3.9% in the first quarter. Royal Bank of Canada now owns 25,122 shares of the company’s stock valued at $3,250,000 after acquiring an additional 945 shares during the period. Betterment LLC purchased a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the 2nd quarter valued at $204,000. Raymond James Financial Inc. boosted its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 62.5% during the 2nd quarter. Raymond James Financial Inc. now owns 134,552 shares of the company’s stock worth $19,755,000 after acquiring an additional 51,752 shares during the last quarter. Bank of America Corp DE lifted its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 10.6% during the second quarter. Bank of America Corp DE now owns 31,719 shares of the company’s stock valued at $4,657,000 after purchasing an additional 3,037 shares in the last quarter. Finally, Truefg LLC purchased a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the 2nd quarter valued at about $261,000.

First Trust Multi Cap Growth AlphaDEX Fund Company Profile

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.