First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Stock Price Down 0.7% – Time to Sell?

Shares of First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) traded down 0.7% during mid-day trading on Monday . The stock traded as low as $113.03 and last traded at $116.19. 13,602 shares were traded during mid-day trading, an increase of 175% from the average session volume of 4,954 shares. The stock had previously closed at $116.98.

First Trust MultiCap Growth AlphaDEX Fund Stock Performance

The company has a 50 day simple moving average of $136.57 and a 200 day simple moving average of $139.15. The company has a market capitalization of $191.72 million, a PE ratio of 20.90 and a beta of 1.10.

Institutional Trading of First Trust MultiCap Growth AlphaDEX Fund

Several large investors have recently made changes to their positions in FAD. Synergy Investment Management LLC purchased a new position in First Trust MultiCap Growth AlphaDEX Fund in the 4th quarter valued at $28,000. 1ST Source Bank purchased a new position in shares of First Trust MultiCap Growth AlphaDEX Fund in the third quarter worth about $215,000. Envestnet Asset Management Inc. boosted its position in First Trust MultiCap Growth AlphaDEX Fund by 7.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,619 shares of the company’s stock worth $224,000 after acquiring an additional 117 shares during the last quarter. Virtu Financial LLC purchased a new stake in First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter valued at about $226,000. Finally, PFG Advisors acquired a new stake in First Trust MultiCap Growth AlphaDEX Fund in the 4th quarter valued at about $259,000.

First Trust MultiCap 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.