First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Trading 4.1% Higher – Time to Buy?

Shares of First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) traded up 4.1% on Thursday . The stock traded as high as $188.59 and last traded at $188.59. 9,101 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 13,041 shares. The stock had previously closed at $181.23.

First Trust Multi Cap Growth AlphaDEX Fund Stock Up 4.1%

The company has a 50-day simple moving average of $178.62 and a two-hundred day simple moving average of $169.76. The stock has a market cap of $490.33 million, a P/E ratio of 25.26 and a beta of 1.17.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.0218 dividend. The ex-dividend date was Thursday, March 26th. This is an increase from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.01. This represents a $0.09 annualized dividend 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 stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $37,000. Garton & Associates Financial Advisors LLC bought a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $50,000. Cullen Frost Bankers Inc. bought a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter valued at approximately $58,000. US Bancorp DE bought a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the third quarter valued at approximately $62,000. Finally, Advocate Investing Services LLC raised 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 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.