First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Strong Trading Volume – What’s Next?

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw unusually-high trading volume on Friday . Approximately 68,705 shares were traded during mid-day trading, an increase of 165% from the previous session’s volume of 25,924 shares.The stock last traded at $114.0780 and had previously closed at $111.80.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 17.76 and a beta of 0.99. The stock has a 50-day moving average price of $116.25 and a 200-day moving average price of $112.22.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.3238 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.30 annualized dividend and a yield of 1.1%. This is a positive change from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.27.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

Hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP boosted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 34.7% during the 3rd quarter. Susquehanna International Group LLP now owns 14,705 shares of the company’s stock worth $1,718,000 after buying an additional 3,786 shares during the period. Bank of America Corp DE lifted its position in First Trust Large Cap Core AlphaDEX Fund by 0.8% during the third quarter. Bank of America Corp DE now owns 228,883 shares of the company’s stock worth $26,738,000 after acquiring an additional 1,913 shares during the last quarter. Creative Planning boosted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 7.1% during the third quarter. Creative Planning now owns 16,215 shares of the company’s stock worth $1,894,000 after acquiring an additional 1,078 shares during the period. Equitable Holdings Inc. bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the third quarter worth approximately $349,000. Finally, Comerica Bank grew its position in shares of First Trust Large Cap Core AlphaDEX Fund by 1.7% in the third quarter. Comerica Bank now owns 13,060 shares of the company’s stock valued at $1,526,000 after purchasing an additional 218 shares during the last quarter.

First Trust Large Cap Core AlphaDEX Fund Company Profile

First Trust Large Cap Core 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 Large Cap Core Index (the Index). The Index is an enhanced index created and administered by Standard & Poor’s, which employs the AlphaDEX stock selection methodology to select stocks from the S&P 500 Index.