First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Share Price Breaks Above 200 Day Moving Average – Should You Sell?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD)’s stock price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $178.60 and traded as high as $180.38. First Trust Multi Cap Growth AlphaDEX Fund shares last traded at $180.32, with a volume of 6,306 shares changing hands.

First Trust Multi Cap Growth AlphaDEX Fund Stock Performance

The company has a market capitalization of $599.97 million, a price-to-earnings ratio of 25.26 and a beta of 1.17. The company has a 50-day moving average price of $182.29 and a 200-day moving average price of $178.74.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.0516 per share. This represents a $0.21 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, September 24th. This is a negative change from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.0711.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Certified Advisory Corp raised its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 7.5% in the third quarter. Certified Advisory Corp now owns 7,204 shares of the company’s stock worth $1,306,000 after purchasing an additional 500 shares during the period. MGO One Seven LLC boosted its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 10.4% during the third quarter. MGO One Seven LLC now owns 15,485 shares of the company’s stock worth $2,807,000 after purchasing an additional 1,464 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the 3rd quarter valued at $603,000. Wedbush Securities Inc. acquired a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the 3rd quarter valued at $4,305,000. Finally, Fifth Third Securities Inc. increased its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 79.1% in the 3rd quarter. Fifth Third Securities Inc. now owns 16,606 shares of the company’s stock valued at $3,010,000 after buying an additional 7,333 shares in 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.