First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Strong Trading Volume – Time to Buy?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw an uptick in trading volume on Wednesday . 14,268 shares changed hands during mid-day trading, an increase of 88% from the previous session’s volume of 7,574 shares.The stock last traded at $165.1290 and had previously closed at $166.21.

First Trust Large Cap Growth AlphaDEX Fund Stock Down 1.1%

The stock has a market cap of $1.28 billion, a PE ratio of 28.68 and a beta of 1.12. The stock has a fifty day moving average of $159.98 and a 200-day moving average of $157.85.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.0326 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.1%.

Institutional Investors Weigh In On First Trust Large Cap Growth AlphaDEX Fund

Several hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. increased its stake in First Trust Large Cap Growth AlphaDEX Fund by 37.8% in the 2nd quarter. Raymond James Financial Inc. now owns 268,160 shares of the company’s stock valued at $40,484,000 after buying an additional 73,618 shares during the period. RPS Advisory Solutions LLC purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the second quarter valued at about $4,184,000. CX Institutional increased its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 22.4% during the second quarter. CX Institutional now owns 114,984 shares of the company’s stock worth $17,359,000 after acquiring an additional 21,013 shares during the period. Ameriprise Financial Inc. raised its holdings in First Trust Large Cap Growth AlphaDEX Fund by 502.2% during the second quarter. Ameriprise Financial Inc. now owns 22,650 shares of the company’s stock worth $3,419,000 after purchasing an additional 18,889 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its holdings in First Trust Large Cap Growth AlphaDEX Fund by 79.4% during the second quarter. Vestmark Advisory Solutions Inc. now owns 38,022 shares of the company’s stock worth $5,740,000 after purchasing an additional 16,829 shares in the last quarter.

About First Trust Large Cap Growth AlphaDEX Fund

First Trust Large Cap Growth AlphaDEX Fund (the Fund), formerly First Trust Large Cap Growth Opportunities AlphaDEX Fund, is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Growth 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 Growth Index.