First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Announces Quarterly Dividend of $0.07

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) declared a quarterly dividend on Wednesday, June 24th. Stockholders of record on Thursday, June 25th will be paid a dividend of 0.0711 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, June 25th. This is a 226.1% increase from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.02.

First Trust Multi Cap Growth AlphaDEX Fund Trading Up 0.3%

FAD opened at $193.35 on Thursday. First Trust Multi Cap Growth AlphaDEX Fund has a 12 month low of $143.15 and a 12 month high of $197.47. The business’s 50-day moving average price is $183.78 and its 200-day moving average price is $171.85. The company has a market cap of $502.71 million, a P/E ratio of 25.26 and a beta of 1.17.

Institutional Trading of First Trust Multi Cap Growth AlphaDEX Fund

Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its stake in shares of 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 worth $22,171,000 after buying an additional 6,702 shares during the period. Raymond James Financial Inc. raised its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 62.5% during the second quarter. Raymond James Financial Inc. now owns 134,552 shares of the company’s stock valued at $19,755,000 after acquiring an additional 51,752 shares during the last quarter. Keystone Wealth Services LLC purchased a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter worth about $8,708,000. Osaic Holdings Inc. increased its holdings in 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 valued at $7,883,000 after purchasing an additional 355 shares during the period. Finally, Bank of America Corp DE raised its position 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 purchasing an additional 11,276 shares during 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.