First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Sees Unusually-High Trading Volume – What’s Next?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) saw an uptick in trading volume on Monday . 31,969 shares changed hands during trading, an increase of 138% from the previous session’s volume of 13,413 shares.The stock last traded at $191.37 and had previously closed at $191.69.

First Trust Multi Cap Growth AlphaDEX Fund Price Performance

The stock has a market cap of $592.37 million, a price-to-earnings ratio of 25.26 and a beta of 1.16. The company’s 50 day moving average is $189.36 and its 200 day moving average is $177.10.

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%.

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

Hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC grew its position in First Trust Multi Cap Growth AlphaDEX Fund by 1.0% in the third quarter. Private Advisor Group LLC now owns 14,133 shares of the company’s stock valued at $2,269,000 after acquiring an additional 137 shares in the last quarter. Stonebridge Financial Planning Group LLC increased its stake in First Trust Multi Cap Growth AlphaDEX Fund by 1.6% during the 4th quarter. Stonebridge Financial Planning Group LLC now owns 10,415 shares of the company’s stock worth $1,686,000 after buying an additional 161 shares during the period. Synergy Investment Management LLC lifted its holdings 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 buying an additional 180 shares in the last quarter. Nwam LLC lifted its holdings 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 buying an additional 196 shares in the last quarter. Finally, WCG Wealth Advisors LLC increased its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 1.5% during the 3rd quarter. WCG Wealth Advisors LLC now owns 13,871 shares of the company’s stock worth $2,227,000 after purchasing an additional 203 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.