First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Unusually-High Trading Volume – Here’s Why

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw unusually-strong trading volume on Wednesday . 37,246 shares changed hands during mid-day trading, an increase of 94% from the previous session’s volume of 19,167 shares.The stock last traded at $190.5890 and had previously closed at $193.77.

First Trust Large Cap Growth AlphaDEX Fund Stock Down 2.0%

The company’s 50 day simple moving average is $180.58 and its 200-day simple moving average is $168.23. The firm has a market cap of $1.40 billion, a P/E ratio of 28.68 and a beta of 1.15.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.0419 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.1%.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

A number of large investors have recently modified their holdings of the company. Win Advisors Inc. purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter worth $14,526,000. Raymond James Financial Inc. grew its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 37.8% during the 2nd quarter. Raymond James Financial Inc. now owns 268,160 shares of the company’s stock worth $40,484,000 after buying an additional 73,618 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of 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 valued at $3,419,000 after buying an additional 18,889 shares during the period. Prospera Financial Services Inc purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter valued at $2,995,000. Finally, Stifel Financial Corp increased its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 48.3% during the fourth quarter. Stifel Financial Corp now owns 48,912 shares of the company’s stock valued at $7,821,000 after buying an additional 15,938 shares during the period.

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.