First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Trading 1.4% Higher

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD)’s stock price rose 1.4% during mid-day trading on Monday . The company traded as high as $121.67 and last traded at $121.67. Approximately 2,694 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 4,499 shares. The stock had previously closed at $119.99.

First Trust MultiCap Growth AlphaDEX Fund Price Performance

The company’s fifty day simple moving average is $120.62 and its 200-day simple moving average is $112.58. The firm has a market capitalization of $188.59 million, a PE ratio of 18.90 and a beta of 1.23.

First Trust MultiCap Growth AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a $0.064 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Thursday, March 21st.

Institutional Investors Weigh In On First Trust MultiCap Growth AlphaDEX Fund

A number of large investors have recently made changes to their positions in the stock. Private Advisor Group LLC raised its position in First Trust MultiCap Growth AlphaDEX Fund by 17.7% during the 4th quarter. Private Advisor Group LLC now owns 15,769 shares of the company’s stock worth $1,770,000 after buying an additional 2,366 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 11.9% during the fourth quarter. NBC Securities Inc. now owns 4,530 shares of the company’s stock worth $508,000 after purchasing an additional 481 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 20.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 105,891 shares of the company’s stock worth $13,193,000 after purchasing an additional 17,731 shares during the last quarter. International Assets Investment Management LLC lifted its position in First Trust MultiCap Growth AlphaDEX Fund by 11,545.8% during the fourth quarter. International Assets Investment Management LLC now owns 255,392 shares of the company’s stock valued at $28,670,000 after purchasing an additional 253,199 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in First Trust MultiCap Growth AlphaDEX Fund by 40,650.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,445 shares of the company’s stock valued at $269,000 after purchasing an additional 2,439 shares during the last quarter.

About First Trust MultiCap 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.