First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Sees Large Volume Increase – Still a Buy?

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) shares saw unusually-high trading volume on Thursday . 17,049 shares traded hands during trading, an increase of 30% from the previous session’s volume of 13,127 shares.The stock last traded at $185.5850 and had previously closed at $186.28.

First Trust Multi Cap Growth AlphaDEX Fund Stock Down 0.4%

The stock’s fifty day moving average price is $188.77 and its 200-day moving average price is $175.61. The company has a market capitalization of $565.63 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.0711 dividend. This represents a $0.28 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.02.

Hedge Funds Weigh In On First Trust Multi Cap Growth AlphaDEX Fund

A number of large investors have recently modified their holdings of the business. Stonebridge Financial Group LLC MO bought a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $1,229,000. Nwam LLC grew its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 5.1% during the fourth quarter. Nwam LLC now owns 4,054 shares of the company’s stock worth $688,000 after purchasing an additional 196 shares during the period. Oppenheimer & Co. Inc. bought a new position in First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter worth about $428,000. Geneos Wealth Management Inc. increased its position in First Trust Multi Cap Growth AlphaDEX Fund by 1.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 21,942 shares of the company’s stock worth $3,551,000 after buying an additional 360 shares during the last quarter. Finally, Keystone Wealth Services LLC bought a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $8,708,000.

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.