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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares saw unusually-strong trading volume on Monday . Approximately 92,871 shares traded hands during mid-day trading, an increase of 411% from the previous session’s volume of 18,177 shares.The stock last traded at $176.36 and had previously closed at $177.85.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The firm has a market cap of $1.32 billion, a PE ratio of 28.68 and a beta of 1.14. The business has a 50-day moving average price of $182.34 and a two-hundred day moving average price of $173.72.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.0419 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.17 dividend on an annualized basis and a yield of 0.1%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. First Bancorp Inc ME purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 2nd quarter valued at approximately $60,000. Wealthcare Advisory Partners LLC increased its position in First Trust Large Cap Growth AlphaDEX Fund by 16.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 19,163 shares of the company’s stock worth $3,713,000 after buying an additional 2,670 shares in the last quarter. Private Client Services LLC acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the second quarter worth $213,000. Parallel Advisors LLC acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the first quarter worth $443,000. Finally, Arkadios Wealth Advisors raised its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.6% in the first quarter. Arkadios Wealth Advisors now owns 5,399 shares of the company’s stock worth $832,000 after acquiring an additional 136 shares during 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.