First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Unusually-High Trading Volume – Time to Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) shares saw strong trading volume on Friday . Approximately 42,633 shares traded hands during trading, an increase of 92% from the previous session’s volume of 22,249 shares.The stock last traded at $136.9190 and had previously closed at $135.94.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The business has a 50 day simple moving average of $135.90 and a 200 day simple moving average of $129.12. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 17.76 and a beta of 0.94.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.2669 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.8%.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FEX. Jones Financial Companies Lllp boosted its position in First Trust Large Cap Core AlphaDEX Fund by 9.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,148 shares of the company’s stock valued at $425,000 after buying an additional 356 shares during the last quarter. NewEdge Advisors LLC increased its position in First Trust Large Cap Core AlphaDEX Fund by 27.5% in the second quarter. NewEdge Advisors LLC now owns 6,284 shares of the company’s stock worth $691,000 after purchasing an additional 1,355 shares during the period. Bank of America Corp DE increased its position in First Trust Large Cap Core AlphaDEX Fund by 4.9% in the second quarter. Bank of America Corp DE now owns 226,970 shares of the company’s stock worth $24,958,000 after purchasing an additional 10,567 shares during the period. Captrust Financial Advisors lifted its position in First Trust Large Cap Core AlphaDEX Fund by 4.9% during the 2nd quarter. Captrust Financial Advisors now owns 16,173 shares of the company’s stock valued at $1,778,000 after purchasing an additional 751 shares during the period. Finally, Advisory Services Network LLC boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 16.6% in the 2nd quarter. Advisory Services Network LLC now owns 6,179 shares of the company’s stock valued at $691,000 after purchasing an additional 879 shares during the last quarter.

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.