First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Stock Crosses Above 50 Day Moving Average – Here’s Why

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $140.68 and traded as high as $150.27. First Trust MultiCap Growth AlphaDEX Fund shares last traded at $146.67, with a volume of 2,044 shares changing hands.

First Trust MultiCap Growth AlphaDEX Fund Price Performance

The business has a 50-day moving average of $141.24 and a two-hundred day moving average of $131.03. The company has a market cap of $235.14 million, a P/E ratio of 18.90 and a beta of 1.10.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.3848 dividend. This represents a $1.54 annualized dividend and a yield of 1.05%. This is an increase from First Trust MultiCap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FAD. 1ST Source Bank purchased a new position in shares of First Trust MultiCap Growth AlphaDEX Fund in the third quarter worth $215,000. Wealth Enhancement Advisory Services LLC lifted its position in 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 worth $276,000 after acquiring an additional 145 shares during the period. Gateway Wealth Partners LLC grew its stake in First Trust MultiCap Growth AlphaDEX Fund by 5.1% during the 2nd quarter. Gateway Wealth Partners LLC now owns 2,360 shares of the company’s stock valued at $291,000 after purchasing an additional 114 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 37.6% in the first quarter. Cetera Advisors LLC now owns 3,021 shares of the company’s stock valued at $376,000 after purchasing an additional 826 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of First Trust MultiCap Growth AlphaDEX Fund in the second quarter worth about $449,000.

First Trust MultiCap 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.