First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) passed above its 50 day moving average during trading on Monday . The stock has a 50 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 Price Performance

The firm has a market cap of $234.67 million, a price-to-earnings ratio of 18.90 and a beta of 1.10. The business has a 50-day moving average of $140.68 and a 200-day moving average of $130.76.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

The business also recently declared 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. This is a positive change from First Trust MultiCap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.54 annualized dividend and a dividend yield of 1.05%.

Institutional Investors Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Several large investors have recently made changes to their positions in the stock. Gateway Wealth Partners LLC raised its position in First Trust MultiCap Growth AlphaDEX Fund by 5.1% during the second quarter. Gateway Wealth Partners LLC now owns 2,360 shares of the company’s stock worth $291,000 after acquiring an additional 114 shares in the last quarter. RPg Family Wealth Advisory LLC raised its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 1.1% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 11,037 shares of the company’s stock valued at $1,475,000 after purchasing an additional 119 shares during the period. 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 valued at $276,000 after purchasing an additional 145 shares during the last quarter. Willner & Heller LLC lifted its stake in First Trust MultiCap Growth AlphaDEX Fund by 4.1% in the 3rd quarter. Willner & Heller LLC now owns 3,913 shares of the company’s stock valued at $523,000 after purchasing an additional 153 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in First Trust MultiCap Growth AlphaDEX Fund by 3.3% during the second quarter. Cetera Investment Advisers now owns 10,849 shares of the company’s stock worth $1,336,000 after buying an additional 342 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.