First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Hits New 1-Year High – Time to Buy?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD)’s share price reached a new 52-week high during 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 Down 2.2%

The firm has a market capitalization of $508.74 million, a price-to-earnings ratio of 25.26 and a beta of 1.17. The stock’s 50 day moving average price is $185.97 and its two-hundred day moving average price is $172.97.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

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

Institutional Investors Weigh In On First Trust Multi Cap Growth AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $37,000. Garton & Associates Financial Advisors LLC purchased a new position in First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter worth about $50,000. Cullen Frost Bankers Inc. purchased a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $58,000. US Bancorp DE purchased a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 3rd quarter valued at $62,000. Finally, Advocate Investing Services LLC increased its position in First Trust Multi Cap Growth AlphaDEX Fund by 223.9% during the 1st quarter. Advocate Investing Services LLC now owns 434 shares of the company’s stock worth $69,000 after purchasing an additional 300 shares in the last quarter.

About First Trust Multi Cap Growth AlphaDEX Fund

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.