First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Trading 1.3% Higher – Time to Buy?

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD)’s share price shot up 1.3% on Thursday . The stock traded as high as $146.89 and last traded at $146.35. Approximately 18,557 shares changed hands during mid-day trading, an increase of 316% from the average session volume of 4,465 shares. The stock had previously closed at $144.50.

First Trust MultiCap Growth AlphaDEX Fund Stock Up 1.3 %

The firm has a market cap of $234.16 million, a price-to-earnings ratio of 18.90 and a beta of 1.10. The company has a 50-day moving average price of $136.23 and a 200 day moving average price of $128.35.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.3848 per share. This represents a $1.54 annualized dividend and a dividend yield of 1.05%. This is a positive change from First Trust MultiCap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Several large investors have recently made changes to their positions in FAD. Thurston Springer Miller Herd & Titak Inc. acquired a new position in First Trust MultiCap Growth AlphaDEX Fund during the second quarter worth $37,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 7.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,065 shares of the company’s stock valued at $276,000 after acquiring an additional 145 shares in the last quarter. Gateway Wealth Partners LLC lifted its holdings in First Trust MultiCap Growth AlphaDEX Fund by 5.1% in the 2nd quarter. Gateway Wealth Partners LLC now owns 2,360 shares of the company’s stock worth $291,000 after purchasing an additional 114 shares during the last quarter. Cetera Advisors LLC boosted its position in First Trust MultiCap Growth AlphaDEX Fund by 37.6% during the first quarter. Cetera Advisors LLC now owns 3,021 shares of the company’s stock worth $376,000 after purchasing an additional 826 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in First Trust MultiCap Growth AlphaDEX Fund during the second quarter valued at approximately $449,000.

First Trust MultiCap 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.