First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Hits New 12-Month High – What’s Next?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) hit a new 52-week high on Monday . The stock traded as high as $195.58 and last traded at $196.8640, with a volume of 10906 shares trading hands. The stock had previously closed at $195.44.

First Trust Multi Cap Growth AlphaDEX Fund Stock Performance

The company has a market capitalization of $512.62 million, a P/E ratio of 25.26 and a beta of 1.17. The business has a 50 day moving average of $182.27 and a 200-day moving average of $171.16.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.0218 per share. This represents a $0.09 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, March 26th. This is a boost from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.01.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC purchased a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter worth $89,000. Sound Income Strategies LLC grew its position in First Trust Multi Cap Growth AlphaDEX Fund by 411.1% during the fourth quarter. Sound Income Strategies LLC now owns 460 shares of the company’s stock worth $78,000 after buying an additional 370 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter worth about $37,000. Private Advisory Group LLC increased its stake in First Trust Multi Cap Growth AlphaDEX Fund by 8.4% in the 4th quarter. Private Advisory Group LLC now owns 5,705 shares of the company’s stock worth $923,000 after acquiring an additional 441 shares during the last quarter. Finally, Nova Wealth Management Inc. increased its stake in First Trust Multi Cap Growth AlphaDEX Fund by 5.0% in the 4th quarter. Nova Wealth Management Inc. now owns 5,943 shares of the company’s stock worth $962,000 after acquiring an additional 283 shares during the last quarter.

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.