First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Large Volume Increase – Here’s What Happened

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw strong trading volume on Monday . Approximately 92,871 shares traded hands during trading, an increase of 411% from the previous session’s volume of 18,177 shares.The stock last traded at $176.36 and had previously closed at $177.85.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The company has a market cap of $1.30 billion, a P/E ratio of 28.68 and a beta of 1.14. The firm’s fifty day moving average is $181.71 and its two-hundred day moving average is $173.88.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

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

Hedge Funds Weigh In On First Trust Large Cap Growth AlphaDEX Fund

Several hedge funds have recently modified their holdings of the stock. Arax Advisory Partners bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter worth $26,000. First Bancorp Inc ME bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 2nd quarter valued at about $60,000. HRT Financial LP bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter valued at about $202,000. Private Client Services LLC purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the second quarter valued at about $213,000. Finally, Two Sigma Securities LLC bought a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 2nd quarter worth approximately $266,000.

About First Trust Large Cap Growth AlphaDEX Fund

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.