First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Trading Down 0.5% – Should You Sell?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FADGet Free Report) traded down 0.5% on Monday . The company traded as low as $183.59 and last traded at $184.35. 8,707 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 13,391 shares. The stock had previously closed at $185.35.

First Trust Multi Cap Growth AlphaDEX Fund Stock Down 0.5%

The stock has a market cap of $571.49 million, a price-to-earnings ratio of 25.26 and a beta of 1.16. The company’s 50-day moving average is $189.28 and its 200-day moving average is $179.49.

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 $0.0711 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.28 annualized dividend and a dividend yield of 0.2%. This is an increase from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.02.

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

Hedge funds have recently modified their holdings of the stock. Garton & Associates Financial Advisors LLC acquired a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the 4th quarter valued at $50,000. Cullen Frost Bankers Inc. acquired a new position in First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter worth $58,000. US Bancorp DE acquired a new position in First Trust Multi Cap Growth AlphaDEX Fund during the third quarter worth $62,000. Advocate Investing Services LLC lifted its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 223.9% during the first quarter. Advocate Investing Services LLC now owns 434 shares of the company’s stock valued at $69,000 after acquiring an additional 300 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 1,323.5% during the fourth quarter. NewEdge Advisors LLC now owns 484 shares of the company’s stock valued at $78,000 after acquiring an additional 450 shares during the period.

First Trust Multi Cap Growth AlphaDEX Fund Company Profile

(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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