First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Trading Up 1.4% – Here’s Why

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) shot up 1.4% on Friday . The company traded as high as $165.37 and last traded at $164.04. 5,306 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 8,024 shares. The stock had previously closed at $161.85.

First Trust Multi Cap Growth AlphaDEX Fund Stock Up 1.4%

The firm has a market capitalization of $377.29 million, a price-to-earnings ratio of 25.26 and a beta of 1.15. The company has a fifty day moving average price of $161.65 and a two-hundred day moving average price of $156.54.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.0085 per share. The ex-dividend date was Friday, December 12th. This represents a $0.03 dividend on an annualized basis and a yield of 0.0%.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its stake in First Trust Multi Cap Growth AlphaDEX Fund by 8.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,372 shares of the company’s stock valued at $201,000 after acquiring an additional 109 shares during the last quarter. RPg Family Wealth Advisory LLC increased its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 0.4% in the third quarter. RPg Family Wealth Advisory LLC now owns 32,639 shares of the company’s stock valued at $5,240,000 after purchasing an additional 116 shares during the period. PFG Advisors raised its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 6.6% during the second quarter. PFG Advisors now owns 2,055 shares of the company’s stock worth $302,000 after purchasing an additional 127 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 1.0% during the third quarter. Private Advisor Group LLC now owns 14,133 shares of the company’s stock worth $2,269,000 after purchasing an additional 137 shares during the last quarter. Finally, WCG Wealth Advisors LLC lifted its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 1.5% during the third quarter. WCG Wealth Advisors LLC now owns 13,871 shares of the company’s stock worth $2,227,000 after purchasing an additional 203 shares during the period.

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.