First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Strong Trading Volume – Still a Buy?

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw strong trading volume on Wednesday. 23,481 shares changed hands during trading, an increase of 8% from the previous session’s volume of 21,684 shares. The stock last traded at $136.9390 and had previously closed at $135.18.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.6%

The firm has a market capitalization of $1.59 billion, a P/E ratio of 17.76 and a beta of 0.94. The business’s 50-day simple moving average is $136.74 and its 200 day simple moving average is $134.85.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.4077 dividend. This is a boost from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.2669. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.63 dividend on an annualized basis and a yield of 1.2%.

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. Compass Financial Management LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund in the second quarter valued at $83,000. Allied Private Wealth LLC purchased a new stake in First Trust Large Cap Core AlphaDEX Fund in the second quarter worth $113,000. Farther Finance Advisors LLC raised its holdings in First Trust Large Cap Core AlphaDEX Fund by 29.7% in the third quarter. Farther Finance Advisors LLC now owns 873 shares of the company’s stock worth $116,000 after purchasing an additional 200 shares in the last quarter. Western Wealth Management LLC bought a new position in First Trust Large Cap Core AlphaDEX Fund in the first quarter worth $125,000. Finally, Fairway Wealth LLC purchased a new position in First Trust Large Cap Core AlphaDEX Fund during the first quarter valued at $133,000.

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.