First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Hits New 1-Year High – Time to Buy?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) hit a new 52-week high during trading on Monday . The company traded as high as $191.32 and last traded at $194.0450, with a volume of 14644 shares. The stock had previously closed at $190.19.

First Trust Multi Cap Growth AlphaDEX Fund Stock Up 2.1%

The stock has a market capitalization of $505.09 million, a P/E ratio of 25.26 and a beta of 1.17. The business has a 50-day simple moving average of $179.20 and a two-hundred day simple moving average of $170.00.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

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

Institutional Trading of First Trust Multi Cap Growth AlphaDEX Fund

Several large investors have recently made changes to their positions in the business. Serenity Investment Advisors bought a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the first quarter worth $173,000. Western Wealth Management LLC bought a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the first quarter worth $82,000. Bank of America Corp DE grew its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 37.3% during the first quarter. Bank of America Corp DE now owns 41,501 shares of the company’s stock worth $6,595,000 after purchasing an additional 11,276 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 7.8% during the first quarter. Royal Bank of Canada now owns 34,241 shares of the company’s stock worth $5,442,000 after purchasing an additional 2,485 shares during the last quarter. Finally, Gateway Wealth Partners LLC grew its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 57.0% during the first quarter. Gateway Wealth Partners LLC now owns 3,436 shares of the company’s stock worth $546,000 after purchasing an additional 1,247 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.