First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Shares Up 0.6% – Here’s Why

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) shares shot up 0.6% during mid-day trading on Monday . The stock traded as high as $164.31 and last traded at $162.70. 6,344 shares changed 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 Price Performance

The business’s 50 day moving average price is $167.70 and its 200 day moving average price is $163.01. The stock has a market capitalization of $398.62 million, a P/E ratio of 25.26 and a beta of 1.15.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

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

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

A number of institutional investors and hedge funds have recently modified their holdings of FAD. Keystone Wealth Services LLC purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter worth approximately $8,708,000. Raymond James Financial Inc. increased its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 62.5% during the second quarter. Raymond James Financial Inc. now owns 134,552 shares of the company’s stock valued at $19,755,000 after buying an additional 51,752 shares during the last quarter. Synergy Investment Management LLC purchased a new stake in First Trust Multi Cap Growth AlphaDEX Fund during the third quarter valued at approximately $4,218,000. Wedbush Securities Inc. bought a new position in First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter worth approximately $4,241,000. Finally, Citadel Advisors LLC boosted its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 675.6% during the 3rd quarter. Citadel Advisors LLC now owns 20,011 shares of the company’s stock worth $3,213,000 after acquiring an additional 17,431 shares during the last quarter.

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. 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.