First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Trading 0.1% Higher - Time to Buy?

Key Points

• First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) saw a slight increase of 0.1% in its share price during trading, closing at $151.06.
• The Fund recently announced a quarterly dividend of $0.0688, with a current annualized yield of 0.2%.
• Institutional investors have shown increased interest, with notable firms like Wells Fargo and Stifel Financial significantly raising their holdings in the Fund during the 4th quarter.

Shares of First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD - Get Free Report) were up 0.1% during trading on Wednesday . The stock traded as high as $150.86 and last traded at $151.06. Approximately 2,792 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 8,925 shares. The stock had previously closed at $150.92.

First Trust Multi Cap Growth AlphaDEX Fund Stock Performance

The company has a market cap of $307.32 million, a PE ratio of 25.26 and a beta of 1.10. The company's 50-day simple moving average is $148.13 and its 200 day simple moving average is $138.82.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a $0.0688 dividend. This represents a $0.28 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, June 26th.

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

Several institutional investors have recently modified their holdings of FAD. Geneos Wealth Management Inc. boosted its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 30.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 20,562 shares of the company's stock worth $3,019,000 after acquiring an additional 4,820 shares in the last quarter. Truefg LLC acquired a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 2nd quarter worth about $261,000. Bank of America Corp DE boosted its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 10.6% during the 2nd quarter. Bank of America Corp DE now owns 31,719 shares of the company's stock worth $4,657,000 after acquiring an additional 3,037 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 62.5% during the 2nd quarter. Raymond James Financial Inc. now owns 134,552 shares of the company's stock worth $19,755,000 after acquiring an additional 51,752 shares in the last quarter. Finally, Betterment LLC acquired a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 2nd quarter worth about $204,000.

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.