First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

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 trading hands.

First Trust MultiCap Growth AlphaDEX Fund Stock Performance

The stock’s 50 day moving average is $138.79 and its 200 day moving average is $129.61. The company has a market capitalization of $239.65 million, a PE ratio of 18.90 and a beta of 1.10.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

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

Hedge Funds Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Several hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of First Trust MultiCap Growth AlphaDEX Fund in the second quarter valued at approximately $37,000. Wealth Enhancement Advisory Services LLC lifted its stake in First Trust MultiCap Growth AlphaDEX Fund by 7.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,065 shares of the company’s stock worth $276,000 after purchasing an additional 145 shares in the last quarter. Gateway Wealth Partners LLC boosted its holdings in First Trust MultiCap Growth AlphaDEX Fund by 5.1% in 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 period. Cetera Advisors LLC grew its position 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 valued at $376,000 after purchasing an additional 826 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of First Trust MultiCap Growth AlphaDEX Fund in the second quarter worth $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.