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 mid-day trading on Wednesday . The company traded as high as $150.86 and last traded at $151.06. Approximately 2,792 shares were traded 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 firm has a market capitalization of $309.56 million, a P/E ratio of 25.26 and a beta of 1.10. The business has a fifty day moving average of $148.66 and a 200-day moving average of $138.98.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

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

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. boosted its stake in 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 valued at $19,755,000 after purchasing an additional 51,752 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its stake in First Trust Multi Cap Growth AlphaDEX Fund by 199.2% during the 1st quarter. RPg Family Wealth Advisory LLC now owns 33,210 shares of the company's stock valued at $4,296,000 after purchasing an additional 22,110 shares in the last quarter. LPL Financial LLC boosted its stake in First Trust Multi Cap Growth AlphaDEX Fund by 24.8% during the 1st quarter. LPL Financial LLC now owns 110,986 shares of the company's stock valued at $14,358,000 after purchasing an additional 22,026 shares in the last quarter. Virtu Financial LLC boosted its stake in First Trust Multi Cap Growth AlphaDEX Fund by 984.7% during the 1st quarter. Virtu Financial LLC now owns 17,768 shares of the company's stock valued at $2,299,000 after purchasing an additional 16,130 shares in the last quarter. Finally, WCG Wealth Advisors LLC bought a new position in First Trust Multi Cap Growth AlphaDEX Fund during the 2nd quarter valued at $2,007,000.

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.