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

Shares of First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $138.79 and traded as high as $150.22. First Trust MultiCap Growth AlphaDEX Fund shares last traded at $149.78, with a volume of 2,107 shares changing hands.

First Trust MultiCap Growth AlphaDEX Fund Stock Up 0.5 %

The company has a market capitalization of $239.65 million, a P/E ratio of 18.90 and a beta of 1.10. The business’s 50-day moving average is $138.79 and its two-hundred day moving average is $129.61.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.3848 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Thursday, September 26th. This is an increase from First Trust MultiCap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the 2nd quarter worth approximately $37,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 7.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,065 shares of the company’s stock valued at $276,000 after buying an additional 145 shares during the period. Gateway Wealth Partners LLC lifted its position in shares of 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 buying an additional 114 shares during the last quarter. Cetera Advisors LLC grew its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 37.6% during the 1st quarter. Cetera Advisors LLC now owns 3,021 shares of the company’s stock worth $376,000 after acquiring an additional 826 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in First Trust MultiCap Growth AlphaDEX Fund in the 2nd quarter worth about $449,000.

About First Trust MultiCap 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.