First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Hits New 12-Month High – Time to Buy?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $191.32 and last traded at $194.0450, with a volume of 14644 shares changing hands. The stock had previously closed at $190.19.

First Trust Multi Cap Growth AlphaDEX Fund Stock Down 0.7%

The company has a market cap of $500.31 million, a PE ratio of 25.26 and a beta of 1.17. The business has a 50-day simple moving average of $180.47 and a 200-day simple moving average of $170.46.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.0218 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This is a positive change from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.01. This represents a $0.09 dividend on an annualized basis and a yield of 0.0%.

Institutional Trading of First Trust Multi Cap Growth AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in First Trust Multi Cap Growth AlphaDEX Fund by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 136,980 shares of the company’s stock valued at $22,171,000 after purchasing an additional 6,702 shares during the period. Raymond James Financial Inc. grew its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 62.5% in the second quarter. Raymond James Financial Inc. now owns 134,552 shares of the company’s stock worth $19,755,000 after acquiring an additional 51,752 shares in the last quarter. Keystone Wealth Services LLC acquired a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter worth $8,708,000. Osaic Holdings Inc. grew its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 0.7% in the fourth quarter. Osaic Holdings Inc. now owns 48,706 shares of the company’s stock worth $7,883,000 after acquiring an additional 355 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 37.3% in the first quarter. Bank of America Corp DE now owns 41,501 shares of the company’s stock worth $6,595,000 after acquiring an additional 11,276 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.