First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Stock Price Down 0.5% – Here’s Why

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD)’s share price fell 0.5% on Monday . The stock traded as low as $183.59 and last traded at $184.35. Approximately 8,707 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 13,391 shares. The stock had previously closed at $185.35.

First Trust Multi Cap Growth AlphaDEX Fund Price Performance

The stock has a market capitalization of $561.81 million, a P/E ratio of 25.26 and a beta of 1.16. The stock has a 50 day moving average price of $189.06 and a 200-day moving average price of $179.57.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.0711 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, June 25th.

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

Several institutional investors have recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC bought a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the 4th quarter worth $50,000. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter worth about $58,000. US Bancorp DE bought a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund in the third quarter worth about $62,000. Advocate Investing Services LLC increased its holdings in 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 purchasing an additional 300 shares during the period. Finally, NewEdge Advisors LLC raised its position in First Trust Multi Cap Growth AlphaDEX Fund by 1,323.5% during the 4th quarter. NewEdge Advisors LLC now owns 484 shares of the company’s stock valued at $78,000 after purchasing an additional 450 shares during the last quarter.

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.