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

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw unusually-high trading volume on Wednesday . Approximately 45,010 shares were traded during trading, an increase of 99% from the previous session’s volume of 22,635 shares.The stock last traded at $127.4750 and had previously closed at $126.85.

First Trust Large Cap Core AlphaDEX Fund Trading Up 0.5%

The firm has a market capitalization of $1.46 billion, a P/E ratio of 17.76 and a beta of 0.99. The firm has a 50 day moving average price of $121.52 and a 200-day moving average price of $117.53.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.4092 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.3%. This is a positive change from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, December 12th.

Institutional Investors Weigh In On First Trust Large Cap Core AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Hilton Head Capital Partners LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the fourth quarter worth $398,000. Harbour Investments Inc. lifted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 4.1% during the 4th quarter. Harbour Investments Inc. now owns 10,727 shares of the company’s stock valued at $1,272,000 after purchasing an additional 425 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 13.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,460 shares of the company’s stock worth $410,000 after acquiring an additional 400 shares during the last quarter. Hills Bank & Trust Co acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the 4th quarter valued at approximately $101,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of First Trust Large Cap Core AlphaDEX Fund by 6,734.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,211,423 shares of the company’s stock valued at $499,559,000 after acquiring an additional 4,149,805 shares during the period.

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.