First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Large Volume Increase – Here’s What Happened

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw unusually-strong trading volume on Wednesday . 83,182 shares changed hands during trading, an increase of 146% from the previous session’s volume of 33,792 shares.The stock last traded at $98.10 and had previously closed at $98.26.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.35 billion, a PE ratio of 13.54 and a beta of 0.79. The business’s 50 day moving average is $101.71 and its two-hundred day moving average is $97.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTA. Smithfield Trust Co lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 20.0% in the 4th quarter. Smithfield Trust Co now owns 720 shares of the company’s stock worth $62,000 after purchasing an additional 120 shares in the last quarter. Allworth Financial LP increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 2.1% in the 2nd quarter. Allworth Financial LP now owns 8,827 shares of the company’s stock worth $854,000 after buying an additional 180 shares during the last quarter. Sanctuary Advisors LLC raised its position in First Trust Large Cap Value AlphaDEX Fund by 1.1% during the first quarter. Sanctuary Advisors LLC now owns 19,279 shares of the company’s stock valued at $1,780,000 after purchasing an additional 212 shares during the period. Waverly Advisors LLC lifted its position in First Trust Large Cap Value AlphaDEX Fund by 1.6% in the second quarter. Waverly Advisors LLC now owns 14,297 shares of the company’s stock worth $1,384,000 after buying an additional 220 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 3.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,732 shares of the company’s stock worth $666,000 after purchasing an additional 265 shares during the period.

About First Trust Large Cap Value AlphaDEX Fund

The First Trust Large Cap Value AlphaDEX Fund (FTA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Large Cap Value index. The fund selects and weights value stocks using fundamental factors including sales, book value and cash flows. FTA was launched on May 8, 2007 and is managed by First Trust.