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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares saw strong trading volume on Tuesday . 26,504 shares changed hands during mid-day trading, an increase of 39% from the previous session’s volume of 19,037 shares.The stock last traded at $178.4540 and had previously closed at $175.29.

First Trust Large Cap Growth AlphaDEX Fund Trading Down 0.1%

The firm has a market cap of $1.32 billion, a P/E ratio of 28.68 and a beta of 1.13. The business’s 50-day moving average is $183.34 and its two-hundred day moving average is $170.53.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

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

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in First Trust Large Cap Growth AlphaDEX Fund by 55.5% during the 2nd quarter. NewEdge Advisors LLC now owns 4,440 shares of the company’s stock worth $670,000 after buying an additional 1,584 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 37.8% during the second quarter. Raymond James Financial Inc. now owns 268,160 shares of the company’s stock valued at $40,484,000 after acquiring an additional 73,618 shares during the period. Ameriprise Financial Inc. grew its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 502.2% during the second quarter. Ameriprise Financial Inc. now owns 22,650 shares of the company’s stock worth $3,419,000 after acquiring an additional 18,889 shares during the last quarter. Bank of America Corp DE grew its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.8% during the second quarter. Bank of America Corp DE now owns 154,077 shares of the company’s stock worth $23,261,000 after acquiring an additional 4,127 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 33.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 61,314 shares of the company’s stock worth $9,257,000 after acquiring an additional 15,217 shares during the period.

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.