First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Large Volume Increase – Time to Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw unusually-high trading volume on Friday . 37,254 shares changed hands during mid-day trading, an increase of 70% from the previous session’s volume of 21,921 shares.The stock last traded at $138.3510 and had previously closed at $139.33.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The firm’s 50 day moving average price is $133.13 and its 200 day moving average price is $126.61. The stock has a market capitalization of $1.58 billion, a P/E ratio of 17.76 and a beta of 0.95.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.2669 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.07 dividend on an annualized basis and a yield of 0.8%.

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

A number of large investors have recently made changes to their positions in the business. Western Wealth Management LLC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the first quarter valued at approximately $125,000. Bank of America Corp DE lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 3.0% in the first quarter. Bank of America Corp DE now owns 234,821 shares of the company’s stock worth $28,631,000 after acquiring an additional 6,936 shares during the period. IFS Group LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund in the first quarter valued at $414,000. Gateway Wealth Partners LLC boosted its holdings in First Trust Large Cap Core AlphaDEX Fund by 99.7% in the first quarter. Gateway Wealth Partners LLC now owns 4,302 shares of the company’s stock valued at $525,000 after acquiring an additional 2,148 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in First Trust Large Cap Core AlphaDEX Fund by 3.0% during the 1st quarter. Cetera Investment Advisers now owns 118,123 shares of the company’s stock valued at $14,402,000 after purchasing an additional 3,454 shares during the period.

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. Standard & Poor’s constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.