First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Trading Down 1.4% - Time to Sell?

Key Points

• The First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) saw its share price decline by 1.4%, trading at around $161.65 with a recent drop in trading volume.
• The fund announced an increase in its quarterly dividend, raising it from $0.07 to $0.0757 per share, resulting in an annualized yield of 0.2%.
• Several institutional investors have recently bought or increased their stakes in FAD, indicating growing interest in the fund from large financial entities.

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD - )'s share price dropped 1.4% during mid-day trading on Thursday . The company traded as low as $161.31 and last traded at $161.65. Approximately 5,139 shares were traded during trading, a decline of 38% from the average daily volume of 8,255 shares. The stock had previously closed at $163.94.

First Trust Multi Cap Growth AlphaDEX Fund Stock Down 1.4%

The stock has a market capitalization of $355.63 million, a price-to-earnings ratio of 25.26 and a beta of 1.10. The business's 50 day simple moving average is $157.46 and its 200-day simple moving average is $144.89.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.0757 per share. The ex-dividend date was Thursday, September 25th. This is a positive change from First Trust Multi Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 0.2%.

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

A number of large investors have recently bought and sold shares of FAD. Farther Finance Advisors LLC acquired a new stake in First Trust Multi Cap Growth AlphaDEX Fund during the first quarter worth about $26,000. Allworth Financial LP acquired a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund in the 2nd quarter valued at approximately $39,000. N.E.W. Advisory Services LLC acquired a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund in the 1st quarter valued at approximately $41,000. Synergy Investment Management LLC boosted its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 77.6% in the 1st quarter. Synergy Investment Management LLC now owns 364 shares of the company's stock valued at $47,000 after purchasing an additional 159 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 140.2% in the 2nd 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 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.

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