First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Sees Unusually-High Trading Volume – Here’s Why

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) shares saw unusually-strong trading volume on Thursday . Approximately 17,049 shares changed hands during trading, an increase of 30% from the previous session’s volume of 13,127 shares.The stock last traded at $185.5850 and had previously closed at $186.28.

First Trust Multi Cap Growth AlphaDEX Fund Price Performance

The company has a market capitalization of $561.32 million, a P/E ratio of 25.26 and a beta of 1.15. The stock’s fifty day simple moving average is $188.87 and its 200-day simple moving average is $175.82.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.0711 dividend. This is an increase from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%.

Institutional Investors Weigh In On First Trust Multi Cap Growth AlphaDEX Fund

Several hedge funds have recently modified their holdings of FAD. Royal Bank of Canada increased its position in First Trust Multi Cap Growth AlphaDEX Fund by 3.9% during the first quarter. Royal Bank of Canada now owns 25,122 shares of the company’s stock worth $3,250,000 after acquiring an additional 945 shares during the period. Betterment LLC bought a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the 2nd quarter valued at $204,000. Raymond James Financial Inc. boosted its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 62.5% in the 2nd quarter. Raymond James Financial Inc. now owns 134,552 shares of the company’s stock valued at $19,755,000 after purchasing an additional 51,752 shares during the period. Bank of America Corp DE grew its position in First Trust Multi Cap Growth AlphaDEX Fund by 10.6% in the 2nd quarter. Bank of America Corp DE now owns 31,719 shares of the company’s stock worth $4,657,000 after purchasing an additional 3,037 shares during the last quarter. Finally, Truefg LLC acquired a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the 2nd quarter worth $261,000.

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.