First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Stock Price Up 0.3% - Time to Buy?

Key Points

• First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) shares increased by 0.3%, trading at $150.55 with a market capitalization of $301.09 million.
• The company announced a quarterly dividend of $0.0688, resulting in an annualized dividend of $0.28 and a yield of 0.18%.
• Several hedge funds, including LPL Financial LLC and Stifel Financial Corp, have increased their stakes in the fund during the fourth quarter.

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD - Get Free Report) shot up 0.3% during trading on Wednesday . The company traded as high as $151.97 and last traded at $150.55. 9,062 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 8,861 shares. The stock had previously closed at $150.09.

First Trust Multi Cap Growth AlphaDEX Fund Stock Performance

The company has a market capitalization of $294.70 million, a price-to-earnings ratio of 25.26 and a beta of 1.10. The firm has a fifty day moving average price of $144.84 and a 200-day moving average price of $138.20.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

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

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

A number of hedge funds have recently added to or reduced their stakes in FAD. Synergy Investment Management LLC boosted its position in First Trust Multi Cap Growth AlphaDEX Fund by 77.6% in the first quarter. Synergy Investment Management LLC now owns 364 shares of the company's stock worth $47,000 after purchasing an additional 159 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 41.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,993 shares of the company's stock valued at $1,293,000 after purchasing an additional 2,945 shares during the period. Aviance Capital Partners LLC bought a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 1st quarter valued at $385,000. Golden State Wealth Management LLC raised its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 10,352 shares of the company's stock valued at $1,339,000 after purchasing an additional 5,176 shares during the period. Finally, Farther Finance Advisors LLC bought a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 1st quarter valued at $26,000.

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.