First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Sees Large Volume Increase – Should You Buy?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) saw unusually-strong trading volume on Monday . Approximately 23,849 shares traded hands during mid-day trading, an increase of 77% from the previous session’s volume of 13,448 shares.The stock last traded at $185.9160 and had previously closed at $183.56.

First Trust Multi Cap Growth AlphaDEX Fund Price Performance

The business has a fifty day moving average of $189.13 and a 200-day moving average of $176.39. The stock has a market cap of $579.09 million, a PE ratio of 25.26 and a beta of 1.15.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.0711 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%. This is a positive change from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, June 25th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $37,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $50,000. Cullen Frost Bankers Inc. acquired a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the 4th quarter valued at $58,000. US Bancorp DE acquired a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the 3rd quarter valued at $62,000. Finally, Advocate Investing Services LLC grew its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 223.9% in the 1st quarter. Advocate Investing Services LLC now owns 434 shares of the company’s stock valued at $69,000 after buying an additional 300 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.