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

Key Points

• Trading volume surged 138% to 31,969 shares, while FAD shares slipped 0.3% to $191.37. The fund has a $592.37 million market capitalization, a 25.26 price-to-earnings ratio and a beta of 1.16.
• First Trust Multi Cap Growth AlphaDEX Fund increased its quarterly dividend to $0.0711 from $0.02, implying an annualized payout of about $0.28 and a 0.1% yield.
• Institutional ownership activity was generally positive, with several firms adding to their holdings and two investors establishing new positions during the fourth quarter.

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD - ) shares saw unusually-high 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 Trading Down 0.3%

The firm has a market cap of $592.37 million, a PE ratio of 25.26 and a beta of 1.16. The business has a fifty day moving average price of $189.36 and a 200 day moving average price of $177.10.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.0711 dividend. This is an increase from First Trust Multi Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.02. This represents a $0.28 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FAD. Synergy Investment Management LLC increased its position in First Trust Multi Cap Growth AlphaDEX Fund by 0.7% during the fourth 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 during the period. Stonebridge Financial Planning Group LLC boosted its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 1.6% in the fourth quarter. Stonebridge Financial Planning Group LLC now owns 10,415 shares of the company's stock valued at $1,686,000 after acquiring an additional 161 shares during the period. Stonebridge Financial Group LLC MO purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter worth approximately $1,229,000. World Investment Advisors purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter worth approximately $291,000. Finally, Nwam LLC increased its holdings in shares of 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 valued at $688,000 after acquiring an additional 196 shares during the period.

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.

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