First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Stock Price Up 1.3% – What’s Next?

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) shares rose 1.3% on Thursday . The company traded as high as $146.89 and last traded at $146.35. Approximately 18,557 shares were traded during trading, an increase of 316% from the average daily volume of 4,465 shares. The stock had previously closed at $144.50.

First Trust MultiCap Growth AlphaDEX Fund Price Performance

The firm has a fifty day moving average price of $136.98 and a 200-day moving average price of $128.66. The company has a market capitalization of $237.41 million, a P/E ratio of 18.90 and a beta of 1.10.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.3848 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust MultiCap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05. This represents a $1.54 annualized dividend and a dividend yield of 1.04%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FAD. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the second quarter valued at approximately $37,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 7.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,065 shares of the company’s stock valued at $276,000 after buying an additional 145 shares in the last quarter. Gateway Wealth Partners LLC grew its position in shares of 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 buying an additional 114 shares during the period. Cetera Advisors LLC grew its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 37.6% in the 1st quarter. Cetera Advisors LLC now owns 3,021 shares of the company’s stock worth $376,000 after buying an additional 826 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of First Trust MultiCap Growth AlphaDEX Fund in the 2nd quarter worth about $449,000.

About First Trust MultiCap 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.