First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Stock Price Up 0.4% - Time to Buy?

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD - Get Free Report) rose 0.4% during mid-day trading on Wednesday . The stock traded as high as $132.66 and last traded at $132.62. Approximately 1,673 shares were traded during trading, a decline of 74% from the average daily volume of 6,417 shares. The stock had previously closed at $132.10.

First Trust MultiCap Growth AlphaDEX Fund Stock Up 0.4 %

The firm has a market capitalization of $251.98 million, a P/E ratio of 23.04 and a beta of 1.10. The business's 50 day moving average is $127.80 and its 200-day moving average is $137.64.

Hedge Funds Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of FAD. Farther Finance Advisors LLC acquired a new stake in First Trust MultiCap Growth AlphaDEX Fund in the first quarter valued at about $26,000. Synergy Investment Management LLC bought a new position in shares of First Trust MultiCap Growth AlphaDEX Fund in the fourth quarter worth about $28,000. N.E.W. Advisory Services LLC acquired a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund in the 1st quarter valued at approximately $41,000. Envestnet Asset Management Inc. grew its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 7.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,619 shares of the company's stock valued at $224,000 after purchasing an additional 117 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter worth approximately $226,000.

First Trust MultiCap 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.

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