First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Trading Down 0.7% – Here’s Why

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

First Trust MultiCap Growth AlphaDEX Fund Trading Down 0.7 %

The company has a market capitalization of $191.72 million, a PE ratio of 20.90 and a beta of 1.10. The firm has a 50 day simple moving average of $136.57 and a two-hundred day simple moving average of $139.15.

Hedge Funds Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Several institutional investors have recently bought and sold shares of FAD. Synergy Investment Management LLC acquired a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund in the 4th quarter worth $28,000. 1ST Source Bank acquired a new stake in First Trust MultiCap Growth AlphaDEX Fund in the third quarter valued at about $215,000. Envestnet Asset Management Inc. boosted its holdings in First Trust MultiCap Growth AlphaDEX Fund by 7.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,619 shares of the company’s stock valued at $224,000 after purchasing an additional 117 shares in the last quarter. Virtu Financial LLC acquired a new position in First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter worth approximately $226,000. Finally, PFG Advisors purchased a new position in shares of First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter worth approximately $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.