First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Sees Strong Trading Volume – What’s Next?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD – Get Free Report) saw unusually-strong trading volume on Monday . 23,849 shares traded hands during trading, an increase of 77% from the previous session’s volume of 13,448 shares.The stock last traded at $185.9160 and had previously closed at $183.56.

First Trust Multi Cap Growth AlphaDEX Fund Stock Up 2.6%

The firm has a market capitalization of $593.77 million, a price-to-earnings ratio of 25.26 and a beta of 1.15. The stock has a 50 day moving average of $189.25 and a 200 day moving average of $176.67.

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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, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.0711 per share. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.02. This represents a $0.28 annualized dividend and a yield of 0.1%.

Institutional Trading of First Trust Multi Cap Growth AlphaDEX Fund

Several hedge funds have recently made changes to their positions in FAD. TrueWealth Advisors LLC boosted its stake in First Trust Multi Cap Growth AlphaDEX Fund by 22.9% during the 2nd quarter. TrueWealth Advisors LLC now owns 5,805 shares of the company’s stock valued at $1,161,000 after purchasing an additional 1,080 shares during the period. Serenity Investment Advisors bought a new stake in First Trust Multi Cap Growth AlphaDEX Fund during the first quarter worth approximately $173,000. Western Wealth Management LLC acquired a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the 1st quarter worth $82,000. Bank of America Corp DE raised its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 37.3% during the 1st quarter. Bank of America Corp DE now owns 41,501 shares of the company’s stock worth $6,595,000 after buying an additional 11,276 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 7.8% in the 1st quarter. Royal Bank of Canada now owns 34,241 shares of the company’s stock valued at $5,442,000 after acquiring an additional 2,485 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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