First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Sets New 52-Week High – Time to Buy?

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

First Trust Multi Cap Growth AlphaDEX Fund Stock Performance

The business’s 50 day simple moving average is $183.33 and its 200-day simple moving average is $171.64. The company has a market cap of $500.76 million, a price-to-earnings ratio of 25.26 and a beta of 1.17.

Institutional Trading of First Trust Multi Cap Growth AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. RPg Family Wealth Advisory LLC raised its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 0.4% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 32,639 shares of the company’s stock worth $5,240,000 after buying an additional 116 shares in the last quarter. Private Advisor Group LLC boosted its stake in First Trust Multi Cap Growth AlphaDEX Fund by 1.0% in the 3rd quarter. Private Advisor Group LLC now owns 14,133 shares of the company’s stock valued at $2,269,000 after buying an additional 137 shares in the last quarter. Stonebridge Financial Planning Group LLC grew its position in First Trust Multi Cap Growth AlphaDEX Fund by 1.6% in the fourth quarter. Stonebridge Financial Planning Group LLC now owns 10,415 shares of the company’s stock valued at $1,686,000 after acquiring an additional 161 shares during the period. Synergy Investment Management LLC raised its stake in First Trust Multi Cap Growth AlphaDEX Fund by 0.7% during the fourth quarter. Synergy Investment Management LLC now owns 26,450 shares of the company’s stock worth $4,281,000 after acquiring an additional 180 shares in the last quarter. Finally, Nwam LLC raised its stake in First Trust Multi Cap Growth AlphaDEX Fund by 5.1% during the fourth quarter. Nwam LLC now owns 4,054 shares of the company’s stock worth $688,000 after acquiring an additional 196 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.