First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Sets New 1-Year High – Here’s Why

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $197.92 and last traded at $198.80, with a volume of 431 shares traded. The stock had previously closed at $194.08.

First Trust Multi Cap Growth AlphaDEX Fund Price Performance

The company has a fifty day simple moving average of $185.14 and a two-hundred day simple moving average of $172.53. The company has a market capitalization of $516.46 million, a P/E ratio of 25.26 and a beta of 1.17.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.0711 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.02.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in First Trust Multi Cap Growth AlphaDEX Fund by 5.1% during the fourth quarter. Wells Fargo & Company MN now owns 136,980 shares of the company’s stock worth $22,171,000 after purchasing an additional 6,702 shares during the period. Raymond James Financial Inc. raised its position in shares of 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 purchasing an additional 51,752 shares during the period. Keystone Wealth Services LLC acquired a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter worth $8,708,000. Osaic Holdings Inc. lifted its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 0.7% in the fourth quarter. Osaic Holdings Inc. now owns 48,706 shares of the company’s stock worth $7,883,000 after buying an additional 355 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 37.3% in the first quarter. Bank of America Corp DE now owns 41,501 shares of the company’s stock worth $6,595,000 after buying an additional 11,276 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.