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 - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty 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.

First Trust MultiCap Growth AlphaDEX Fund Stock Performance

The stock has a fifty day simple moving average of $138.79 and a 200-day simple moving average of $129.61. The stock has a market cap of $239.65 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 disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.3848 per share. This is a boost from First Trust MultiCap Growth AlphaDEX Fund's previous quarterly dividend of $0.05. This represents a $1.54 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Thursday, September 26th.

Institutional Trading of First Trust MultiCap Growth AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 13,486.0% in the 3rd quarter. International Assets Investment Management LLC now owns 297,126 shares of the company's stock valued at $39,696,000 after buying an additional 294,939 shares during the last quarter. Plotkin Financial Advisors LLC bought a new position in shares of First Trust MultiCap Growth AlphaDEX Fund in the 3rd quarter valued at about $6,175,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 26.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 133,383 shares of the company's stock worth $16,422,000 after purchasing an additional 27,492 shares during the last quarter. Fifth Third Securities Inc. bought a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund in the 2nd quarter valued at about $1,293,000. Finally, Proactive Wealth Strategies LLC acquired a new stake in First Trust MultiCap Growth AlphaDEX Fund in the 3rd quarter valued at about $709,000.

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.