First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Hits New 12-Month High – What’s Next?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $195.58 and last traded at $196.8640, with a volume of 10906 shares trading hands. The stock had previously closed at $195.44.

First Trust Multi Cap Growth AlphaDEX Fund Stock Performance

The company has a market cap of $512.62 million, a P/E ratio of 25.26 and a beta of 1.17. The firm has a 50 day moving average price of $182.27 and a two-hundred day moving average price of $171.16.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

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

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

Large investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in First Trust Multi Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $37,000. Garton & Associates Financial Advisors LLC purchased a new position in First Trust Multi Cap Growth AlphaDEX Fund in the 4th quarter valued at approximately $50,000. Cullen Frost Bankers Inc. bought a new stake in First Trust Multi Cap Growth AlphaDEX Fund during the 4th quarter valued at $58,000. US Bancorp DE bought a new stake in First Trust Multi Cap Growth AlphaDEX Fund during the 3rd quarter valued at $62,000. Finally, Advocate Investing Services LLC lifted its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 223.9% during the first quarter. Advocate Investing Services LLC now owns 434 shares of the company’s stock worth $69,000 after acquiring an additional 300 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.