First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Sets New 1-Year High – Here’s Why

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $197.92 and last traded at $198.80, with a volume of 431 shares changing hands. The stock had previously closed at $194.08.

First Trust Multi Cap Growth AlphaDEX Fund Trading Up 0.7%

The stock has a market cap of $516.46 million, a P/E ratio of 25.26 and a beta of 1.17. The firm’s fifty day moving average is $185.14 and its 200 day moving average is $172.53.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be paid a $0.0711 dividend. The ex-dividend date is Thursday, June 25th. This is a boost from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.02. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%.

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

Several large investors have recently made changes to their positions in FAD. RPg Family Wealth Advisory LLC increased its position in First Trust Multi Cap Growth AlphaDEX Fund by 0.4% during the third quarter. RPg Family Wealth Advisory LLC now owns 32,639 shares of the company’s stock worth $5,240,000 after acquiring an additional 116 shares during the period. Private Advisor Group LLC boosted its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 1.0% in the 3rd quarter. Private Advisor Group LLC now owns 14,133 shares of the company’s stock valued at $2,269,000 after purchasing an additional 137 shares during the period. Stonebridge Financial Planning Group LLC boosted its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 1.6% in the 4th quarter. Stonebridge Financial Planning Group LLC now owns 10,415 shares of the company’s stock valued at $1,686,000 after purchasing an additional 161 shares during the period. Synergy Investment Management LLC grew its position in First Trust Multi Cap Growth AlphaDEX Fund by 0.7% in the 4th quarter. Synergy Investment Management LLC now owns 26,450 shares of the company’s stock worth $4,281,000 after purchasing an additional 180 shares during the last quarter. Finally, Nwam LLC grew its position in First Trust Multi Cap Growth AlphaDEX Fund by 5.1% in the 4th quarter. Nwam LLC now owns 4,054 shares of the company’s stock worth $688,000 after purchasing an additional 196 shares during the last quarter.

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.