First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Stock Price Up 4.1% – Time to Buy?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD)’s stock price rose 4.1% on Thursday . The stock traded as high as $188.59 and last traded at $188.59. Approximately 9,101 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 13,041 shares. The stock had previously closed at $181.23.

First Trust Multi Cap Growth AlphaDEX Fund Trading Up 0.9%

The firm has a fifty day simple moving average of $179.20 and a two-hundred day simple moving average of $169.90. The stock has a market cap of $494.62 million, a PE ratio of 25.26 and a beta of 1.17.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.0218 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.0%. This is a positive change from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.01.

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

A number of large investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 136,980 shares of the company’s stock valued at $22,171,000 after buying an additional 6,702 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 62.5% during the 2nd 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 in the last quarter. Keystone Wealth Services LLC purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 4th quarter valued at about $8,708,000. Osaic Holdings Inc. raised its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 0.7% during the 4th quarter. Osaic Holdings Inc. now owns 48,706 shares of the company’s stock valued at $7,883,000 after buying an additional 355 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 37.3% during the 1st quarter. Bank of America Corp DE now owns 41,501 shares of the company’s stock valued at $6,595,000 after buying an additional 11,276 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. 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.