First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Shares Up 0.6% - Should You Buy?

Key Points

• Shares rose 0.6% to $162.70 with light trading — 6,344 shares traded (down ~59% vs. average) and an intraday high of $164.31; the fund has a market cap of ~$398.6M, a P/E of 25.26, 50‑day SMA $167.70 and 200‑day SMA $163.01.
• Dividend pared back: the fund paid a $0.0085 quarterly dividend (annualized $0.03), which equates to an effective yield of ~0.0% per the disclosure.
• Fund strategy: FAD is an ETF that seeks to track the Defined Multi Cap Growth Index using S&P’s AlphaDEX stock‑selection methodology across the S&P Composite 1500 growth components.

Shares of First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD - ) shot up 0.6% during trading on Monday . The stock traded as high as $164.31 and last traded at $162.70. 6,344 shares traded hands during trading, a decline of 59% from the average session volume of 15,552 shares. The stock had previously closed at $161.72.

First Trust Multi Cap Growth AlphaDEX Fund Stock Up 0.6%

The firm's fifty day simple moving average is $167.70 and its 200-day simple moving average is $163.01. The firm has a market capitalization of $398.62 million, a PE ratio of 25.26 and a beta of 1.15.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.0085 dividend. This represents a $0.03 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Friday, December 12th.

Institutional Trading of First Trust Multi Cap Growth AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 8.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,372 shares of the company's stock worth $201,000 after purchasing an additional 109 shares in the last quarter. RPg Family Wealth Advisory LLC lifted its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 0.4% during the third quarter. RPg Family Wealth Advisory LLC now owns 32,639 shares of the company's stock valued at $5,240,000 after purchasing an additional 116 shares in the last quarter. PFG Advisors boosted its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 6.6% during the second quarter. PFG Advisors now owns 2,055 shares of the company's stock valued at $302,000 after buying an additional 127 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 1.0% during the third quarter. Private Advisor Group LLC now owns 14,133 shares of the company's stock valued at $2,269,000 after buying an additional 137 shares during the last quarter. Finally, Stonebridge Financial Planning Group LLC increased its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 1.6% in the 4th quarter. Stonebridge Financial Planning Group LLC now owns 10,415 shares of the company's stock worth $1,686,000 after buying an additional 161 shares in the last quarter.

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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