First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Stock Crosses Above 50 Day Moving Average - Time to Sell?

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 Stock Performance

The company's 50-day moving average price is $140.68 and its 200-day moving average price is $130.76. The firm has a market capitalization of $232.93 million, a PE ratio of 18.90 and a beta of 1.10.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.3848 per share. This represents a $1.54 dividend on an annualized basis and a yield of 1.06%. 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 Investors Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC grew its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 13,486.0% during the third quarter. International Assets Investment Management LLC now owns 297,126 shares of the company's stock worth $39,696,000 after purchasing an additional 294,939 shares during the last quarter. Plotkin Financial Advisors LLC purchased a new position in First Trust MultiCap Growth AlphaDEX Fund during the 3rd quarter worth approximately $6,175,000. Raymond James Financial Services Advisors Inc. increased its position in First Trust MultiCap Growth AlphaDEX Fund by 26.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 133,383 shares of the company's stock worth $16,422,000 after buying an additional 27,492 shares during the period. Proactive Wealth Strategies LLC purchased a new stake in First Trust MultiCap Growth AlphaDEX Fund in the third quarter valued at approximately $709,000. Finally, Nwam LLC acquired a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund in the third quarter valued at approximately $546,000.

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.