First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Trading 0.9% Higher – Here’s What Happened

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) shares rose 0.9% during mid-day trading on Thursday . The company traded as high as $182.64 and last traded at $182.13. Approximately 9,433 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 12,692 shares. The stock had previously closed at $180.49.

First Trust Multi Cap Growth AlphaDEX Fund Stock Performance

The company’s fifty day moving average price is $170.79 and its 200-day moving average price is $166.86. The stock has a market cap of $478.11 million, a P/E ratio of 25.26 and a beta of 1.17.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.0218 dividend. The ex-dividend date was Thursday, March 26th. This is a positive change 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 yield of 0.0%.

Institutional Trading of First Trust Multi Cap Growth AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter valued at $37,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter valued at $50,000. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter valued at $58,000. US Bancorp DE purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the third quarter valued at $62,000. Finally, Advocate Investing Services LLC increased its stake 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 buying an additional 300 shares during the period.

First Trust Multi Cap Growth AlphaDEX Fund Company Profile

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.