First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Shares Down 0.5% - Should You Sell?

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

First Trust Multi Cap Growth AlphaDEX Fund Price Performance

The firm's 50 day moving average price is $141.13 and its 200-day moving average price is $137.21. The stock has a market cap of $285.83 million, a P/E ratio of 25.26 and a beta of 1.10.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in First Trust Multi Cap Growth AlphaDEX Fund during the first quarter valued at approximately $26,000. N.E.W. Advisory Services LLC bought a new position in First Trust Multi Cap Growth AlphaDEX Fund during the first quarter valued at approximately $41,000. Synergy Investment Management LLC lifted its position in 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 valued at $47,000 after purchasing an additional 159 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in First Trust Multi Cap Growth AlphaDEX Fund by 140.2% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 699 shares of the company's stock valued at $103,000 after purchasing an additional 408 shares during the period. Finally, Flaharty Asset Management LLC bought a new position in First Trust Multi Cap Growth AlphaDEX Fund during the first quarter valued at approximately $148,000.

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.