First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Shares Down 3.2% – Time to Sell?

Shares of First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) dropped 3.2% during trading on Monday . The company traded as low as $126.38 and last traded at $127.07. Approximately 4,473 shares changed hands during trading, a decline of 10% from the average daily volume of 4,985 shares. The stock had previously closed at $131.34.

First Trust MultiCap Growth AlphaDEX Fund Stock Performance

The firm has a market cap of $203.32 million, a P/E ratio of 22.84 and a beta of 1.10. The stock’s 50 day simple moving average is $141.57 and its 200 day simple moving average is $139.04.

First Trust MultiCap Growth AlphaDEX Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.3113 per share. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Hedge funds have recently bought and sold shares of the company. Synergy Investment Management LLC purchased a new position in First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter worth $28,000. 1ST Source Bank purchased a new position in First Trust MultiCap Growth AlphaDEX Fund during the 3rd quarter worth $215,000. Envestnet Asset Management Inc. boosted its holdings in 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 worth $224,000 after acquiring an additional 117 shares during the last quarter. Virtu Financial LLC purchased a new position in First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter worth $226,000. Finally, PFG Advisors purchased a new position in First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter worth $259,000.

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.