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) shares saw an uptick in trading volume on Friday . Approximately 34,762 shares were traded during mid-day trading, an increase of 169% from the previous session’s volume of 12,929 shares.The stock last traded at $190.6990 and had previously closed at $191.75.

First Trust Multi Cap Growth AlphaDEX Fund Price Performance

The business has a 50 day simple moving average of $187.78 and a 200 day simple moving average of $174.19. The company has a market cap of $560.72 million, a price-to-earnings 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. Stockholders of record on Thursday, June 25th were paid a dividend of $0.0711 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. This is a boost from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, June 25th.

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

A number of institutional investors and hedge funds have recently modified their holdings of FAD. Keystone Wealth Services LLC bought a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 4th quarter valued at $8,708,000. Raymond James Financial Inc. lifted its stake in First Trust Multi Cap Growth AlphaDEX Fund by 62.5% in the second quarter. Raymond James Financial Inc. now owns 134,552 shares of the company’s stock valued at $19,755,000 after buying an additional 51,752 shares during the period. Wedbush Securities Inc. bought a new position in First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter worth about $4,241,000. Kestra Advisory Services LLC boosted its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 253.5% during the first quarter. Kestra Advisory Services LLC now owns 31,173 shares of the company’s stock worth $4,954,000 after buying an additional 22,355 shares during the last quarter. Finally, Citadel Advisors LLC grew its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 675.6% during the 3rd quarter. Citadel Advisors LLC now owns 20,011 shares of the company’s stock worth $3,213,000 after buying an additional 17,431 shares during the period.

First Trust Multi Cap 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. 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.