First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Trading Up 0.3% - Here's Why

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.

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

First Trust Multi Cap Growth AlphaDEX Fund Stock Down 1.9%

The business has a fifty day simple moving average of $144.64 and a two-hundred day simple moving average of $138.17. The company has a market cap of $294.70 million, a P/E ratio of 25.26 and a beta of 1.10.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

The business 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. The ex-dividend date was Thursday, June 26th. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%.

Institutional Trading of First Trust Multi Cap Growth AlphaDEX Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Baird Financial Group Inc. increased its position in First Trust Multi Cap Growth AlphaDEX Fund by 0.7% in the fourth quarter. Baird Financial Group Inc. now owns 14,592 shares of the company's stock worth $2,017,000 after buying an additional 104 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 7.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,619 shares of the company's stock worth $224,000 after purchasing an additional 117 shares in the last quarter. Synergy Investment Management LLC grew its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 77.6% during 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 6.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,589 shares of the company's stock worth $335,000 after purchasing an additional 167 shares in the last quarter. Finally, Fifth Third Securities Inc. grew its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 1.6% during the first quarter. Fifth Third Securities Inc. now owns 11,286 shares of the company's stock worth $1,460,000 after purchasing an additional 181 shares in 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.