First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Stock Price Down 0.5% - Here's What Happened

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD - Get Free Report) fell 0.5% during mid-day trading on Tuesday . The company traded as low as $146.52 and last traded at $146.70. 19,901 shares changed hands during trading, an increase of 183% from the average session volume of 7,038 shares. The stock had previously closed at $147.47.

First Trust Multi Cap Growth AlphaDEX Fund Stock Performance

The company has a market capitalization of $286.07 million, a PE ratio of 25.26 and a beta of 1.10. The business's 50-day moving average is $140.14 and its 200-day moving average is $137.05.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.0688 per share. The ex-dividend date was Thursday, June 26th. This represents a $0.28 annualized dividend and a dividend yield of 0.19%.

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

Several large investors have recently made changes to their positions in FAD. Nova Wealth Management Inc. raised its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 79.9% in the 2nd quarter. Nova Wealth Management Inc. now owns 3,771 shares of the company's stock worth $553,000 after purchasing an additional 1,675 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 140.2% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 699 shares of the company's stock worth $103,000 after buying an additional 408 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 14.9% in the first quarter. Geneos Wealth Management Inc. now owns 15,742 shares of the company's stock worth $2,037,000 after buying an additional 2,040 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in First Trust Multi Cap Growth AlphaDEX Fund in the first quarter worth about $148,000. Finally, Jones Financial Companies Lllp raised its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 320.8% in the first quarter. Jones Financial Companies Lllp now owns 14,160 shares of the company's stock worth $1,832,000 after buying an additional 10,795 shares during 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.

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