First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Trading Down 0.7% - Here's What Happened

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD - Get Free Report)'s share price traded down 0.7% during trading on Monday . The stock traded as low as $113.03 and last traded at $116.19. 13,602 shares were traded during trading, an increase of 175% from the average session volume of 4,954 shares. The stock had previously closed at $116.98.

First Trust MultiCap Growth AlphaDEX Fund Trading Up 1.6 %

The stock has a market cap of $208.51 million, a P/E ratio of 20.90 and a beta of 1.10. The company's 50-day simple moving average is $133.60 and its 200 day simple moving average is $138.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Baird Financial Group Inc. increased its holdings in First Trust MultiCap Growth AlphaDEX Fund by 0.7% during the fourth quarter. Baird Financial Group Inc. now owns 14,592 shares of the company's stock worth $2,017,000 after buying an additional 104 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 7.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,619 shares of the company's stock valued at $224,000 after acquiring an additional 117 shares during the period. Synergy Investment Management LLC purchased a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter worth approximately $28,000. Wells Fargo & Company MN raised its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 1.2% in the 4th quarter. Wells Fargo & Company MN now owns 25,727 shares of the company's stock worth $3,556,000 after purchasing an additional 294 shares during the period. Finally, Gateway Wealth Partners LLC lifted its stake in First Trust MultiCap Growth AlphaDEX Fund by 12.6% in the fourth quarter. Gateway Wealth Partners LLC now owns 2,695 shares of the company's stock valued at $372,000 after purchasing an additional 302 shares during the last quarter.

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.