First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Trading 4.1% Higher – Time to Buy?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD – Get Free Report)’s share price rose 4.1% during trading on Thursday . The company traded as high as $188.59 and last traded at $188.59. Approximately 9,101 shares changed hands during trading, a decline of 30% from the average daily volume of 13,041 shares. The stock had previously closed at $181.23.

First Trust Multi Cap Growth AlphaDEX Fund Stock Up 4.1%

The company has a market cap of $490.33 million, a P/E ratio of 25.26 and a beta of 1.17. The business has a fifty day moving average of $178.62 and a 200 day moving average of $169.76.

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First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.0218 per share. This is a boost from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.01. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, March 26th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Synergy Investment Management LLC raised its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 0.7% during the fourth quarter. Synergy Investment Management LLC now owns 26,450 shares of the company’s stock valued at $4,281,000 after acquiring an additional 180 shares in the last quarter. Stonebridge Financial Planning Group LLC raised its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 1.6% during the fourth quarter. Stonebridge Financial Planning Group LLC now owns 10,415 shares of the company’s stock valued at $1,686,000 after acquiring an additional 161 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 1.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 21,942 shares of the company’s stock valued at $3,551,000 after acquiring an additional 360 shares in the last quarter. Keystone Wealth Services LLC bought a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter valued at approximately $8,708,000. Finally, Fifth Third Securities Inc. raised its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 8.8% during the fourth quarter. Fifth Third Securities Inc. now owns 10,876 shares of the company’s stock valued at $1,760,000 after acquiring an additional 883 shares in the last quarter.

About First Trust Multi Cap Growth AlphaDEX Fund

(Get Free Report)

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.

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