First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Shares Up 0.1% – What’s Next?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) shares shot up 0.1% during trading on Wednesday . The company traded as high as $150.86 and last traded at $151.06. 2,792 shares changed hands during trading, a decline of 69% from the average session volume of 8,925 shares. The stock had previously closed at $150.92.

First Trust Multi Cap Growth AlphaDEX Fund Trading Up 0.1%

The company has a market cap of $302.12 million, a price-to-earnings ratio of 25.26 and a beta of 1.10. The stock has a 50-day simple moving average of $147.65 and a 200 day simple moving average of $138.82.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a $0.0688 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, June 26th.

Hedge Funds Weigh In On First Trust Multi Cap Growth AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FAD. Wells Fargo & Company MN lifted its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 1.2% in the 4th quarter. Wells Fargo & Company MN now owns 25,727 shares of the company’s stock valued at $3,556,000 after buying an additional 294 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 7.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,619 shares of the company’s stock valued at $224,000 after buying an additional 117 shares during the period. OneDigital Investment Advisors LLC acquired a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the 4th quarter valued at about $290,000. Stifel Financial Corp lifted its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 20.8% in the 4th quarter. Stifel Financial Corp now owns 8,127 shares of the company’s stock valued at $1,123,000 after buying an additional 1,402 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 0.7% in the 4th quarter. Baird Financial Group Inc. now owns 14,592 shares of the company’s stock valued at $2,017,000 after buying an additional 104 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.