First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Stock Price Down 1.9% – What’s Next?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) shares fell 1.9% during mid-day trading on Thursday . The company traded as low as $159.00 and last traded at $159.2350. 7,413 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 8,010 shares. The stock had previously closed at $162.37.

First Trust Multi Cap Growth AlphaDEX Fund Stock Performance

The company has a market capitalization of $352.17 million, a P/E ratio of 25.26 and a beta of 1.15. The company has a 50-day simple moving average of $160.61 and a 200 day simple moving average of $149.70.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a $0.0757 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.30 annualized dividend and a yield of 0.2%. This is a positive change from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.07.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in FAD. Synergy Investment Management LLC bought a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund in the 3rd quarter worth approximately $4,218,000. Ameritas Advisory Services LLC raised its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 69.7% in the third quarter. Ameritas Advisory Services LLC now owns 1,230 shares of the company’s stock valued at $197,000 after purchasing an additional 505 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in First Trust Multi Cap Growth AlphaDEX Fund by 11.9% in the third quarter. Envestnet Asset Management Inc. now owns 16,505 shares of the company’s stock valued at $2,650,000 after acquiring an additional 1,751 shares during the period. Jones Financial Companies Lllp grew its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 11.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 12,435 shares of the company’s stock valued at $1,986,000 after purchasing an additional 1,300 shares during the period. Finally, Truist Financial Corp raised its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 5.1% in the 3rd quarter. Truist Financial Corp now owns 51,125 shares of the company’s stock worth $8,208,000 after buying an additional 2,478 shares in 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.