First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Trading Down 1.9%

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FADGet Free Report)’s stock price fell 1.9% during mid-day trading on Friday . The stock traded as low as $118.73 and last traded at $119.16. 1,813 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 5,003 shares. The stock had previously closed at $121.42.

First Trust MultiCap Growth AlphaDEX Fund Price Performance

The stock has a market cap of $184.70 million, a PE ratio of 15.57 and a beta of 1.10. The company’s fifty day moving average is $120.44 and its 200-day moving average is $110.33.

First Trust MultiCap Growth AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.064 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Thursday, March 21st.

Institutional Investors Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Several hedge funds have recently modified their holdings of FAD. JPMorgan Chase & Co. raised its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 2,546.2% during the 1st quarter. JPMorgan Chase & Co. now owns 344 shares of the company’s stock worth $34,000 after buying an additional 331 shares during the period. Advisors Preferred LLC acquired a new position in First Trust MultiCap Growth AlphaDEX Fund during the third quarter worth $77,000. Northwestern Mutual Wealth Management Co. raised its position in First Trust MultiCap Growth AlphaDEX Fund by 2,126.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,358 shares of the company’s stock worth $129,000 after acquiring an additional 1,297 shares during the period. Cetera Advisors LLC purchased a new position in First Trust MultiCap Growth AlphaDEX Fund during the fourth quarter valued at $203,000. Finally, Gateway Wealth Partners LLC acquired a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund in the fourth quarter valued at about $222,000.

First Trust MultiCap Growth AlphaDEX Fund Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for First Trust MultiCap Growth AlphaDEX Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust MultiCap Growth AlphaDEX Fund and related companies with MarketBeat.com's FREE daily email newsletter.