First Trust Multi Cap Growth AlphaDEX Fund Announces Quarterly Dividend of $0.05 (NASDAQ:FAD)

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) declared a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be paid a dividend of 0.0516 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, September 24th.

First Trust Multi Cap Growth AlphaDEX Fund Stock Down 1.1%

Shares of NASDAQ:FAD opened at $182.62 on Thursday. First Trust Multi Cap Growth AlphaDEX Fund has a 52-week low of $150.01 and a 52-week high of $200.22. The stock has a market cap of $602.65 million, a price-to-earnings ratio of 25.26 and a beta of 1.16. The business has a 50-day moving average price of $185.83 and a 200-day moving average price of $181.19.

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

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in 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 acquiring an additional 11,276 shares during the period. Royal Bank of Canada lifted its position in 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 valued at $5,442,000 after purchasing an additional 2,485 shares during the period. Kestra Advisory Services LLC lifted its position in First Trust Multi Cap Growth AlphaDEX Fund by 253.5% during the first quarter. Kestra Advisory Services LLC now owns 31,173 shares of the company’s stock valued at $4,954,000 after purchasing an additional 22,355 shares during the period. Envestnet Asset Management Inc. lifted its position in First Trust Multi Cap Growth AlphaDEX Fund by 23.2% during the second quarter. Envestnet Asset Management Inc. now owns 30,485 shares of the company’s stock valued at $6,096,000 after purchasing an additional 5,744 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 6.6% in the first quarter. Geneos Wealth Management Inc. now owns 23,388 shares of the company’s stock valued at $3,717,000 after purchasing an additional 1,446 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.