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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw unusually-high trading volume on Thursday . Approximately 22,916 shares were traded during mid-day trading, an increase of 25% from the previous session’s volume of 18,272 shares.The stock last traded at $175.0110 and had previously closed at $176.21.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The company has a 50 day moving average of $180.12 and a 200-day moving average of $174.47. The company has a market cap of $1.31 billion, a P/E ratio of 28.68 and a beta of 1.14.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

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

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in FTC. Arax Advisory Partners bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth $26,000. First Bancorp Inc ME bought a new position in First Trust Large Cap Growth AlphaDEX Fund in the second quarter valued at $60,000. HRT Financial LP bought a new position in First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter valued at $202,000. Private Client Services LLC purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the second quarter valued at about $213,000. Finally, Two Sigma Securities LLC purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the second quarter valued at about $266,000.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

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.