First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Shares Up 0.9% – Should You Buy?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) shares shot up 0.9% on Thursday . The company traded as high as $182.64 and last traded at $182.13. 9,433 shares traded hands during trading, a decline of 26% from the average session volume of 12,692 shares. The stock had previously closed at $180.49.

First Trust Multi Cap Growth AlphaDEX Fund Stock Performance

The stock has a 50 day moving average price of $170.38 and a two-hundred day moving average price of $166.74. The company has a market capitalization of $473.54 million, a PE ratio of 25.26 and a beta of 1.17.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.0218 per share. 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. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.0%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 136,980 shares of the company’s stock worth $22,171,000 after purchasing an additional 6,702 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 62.5% during the 2nd quarter. Raymond James Financial Inc. now owns 134,552 shares of the company’s stock worth $19,755,000 after purchasing an additional 51,752 shares in the last quarter. Keystone Wealth Services LLC purchased a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 4th quarter worth about $8,708,000. Truist Financial Corp raised its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 5.1% during the 3rd quarter. Truist Financial Corp now owns 51,125 shares of the company’s stock worth $8,208,000 after purchasing an additional 2,478 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 0.7% during the 4th quarter. Osaic Holdings Inc. now owns 48,706 shares of the company’s stock worth $7,883,000 after purchasing an additional 355 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.