First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Strong Trading Volume – Here’s What Happened

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw an uptick in trading volume on Monday. 42,166 shares changed hands during trading, an increase of 17% from the average daily volume of 35,974 shares. The stock last traded at $104.5760 and had previously closed at $103.98.

First Trust Large Cap Value AlphaDEX Fund Trading Down 1.1%

The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.54 and a beta of 0.80. The stock has a fifty day moving average of $100.25 and a 200-day moving average of $96.62.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.5259 per share. This represents a $2.10 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, September 24th. This is a boost from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3389.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of FTA. StoneX Group Inc. bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the third quarter valued at about $218,000. Asset Dedication LLC bought a new position in First Trust Large Cap Value AlphaDEX Fund during the third quarter worth about $33,000. International Assets Investment Management LLC lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 35.5% during the third quarter. International Assets Investment Management LLC now owns 2,300 shares of the company’s stock worth $221,000 after purchasing an additional 602 shares during the period. Kestra Advisory Services LLC boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 569.2% during the third quarter. Kestra Advisory Services LLC now owns 137,083 shares of the company’s stock valued at $13,064,000 after purchasing an additional 116,598 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in First Trust Large Cap Value AlphaDEX Fund during the third quarter valued at approximately $8,421,000.

About First Trust Large Cap Value AlphaDEX Fund

The First Trust Large Cap Value AlphaDEX Fund (FTA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Large Cap Value index. The fund selects and weights value stocks using fundamental factors including sales, book value and cash flows. FTA was launched on May 8, 2007 and is managed by First Trust.