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

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw strong trading volume on Tuesday . 50,257 shares were traded during trading, an increase of 62% from the previous session’s volume of 31,028 shares.The stock last traded at $121.6150 and had previously closed at $120.02.

First Trust Large Cap Core AlphaDEX Fund Trading Up 0.5%

The company has a market cap of $1.41 billion, a PE ratio of 17.76 and a beta of 0.99. The firm has a 50 day moving average of $117.65 and a two-hundred day moving average of $115.16.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

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

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

Several institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC purchased a new stake in First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter worth $62,000. Susquehanna International Group LLP increased its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 34.7% in the third quarter. Susquehanna International Group LLP now owns 14,705 shares of the company’s stock worth $1,718,000 after purchasing an additional 3,786 shares during the last quarter. Bank of America Corp DE lifted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 0.8% in the third quarter. Bank of America Corp DE now owns 228,883 shares of the company’s stock worth $26,738,000 after buying an additional 1,913 shares in the last quarter. Creative Planning boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 7.1% during the third quarter. Creative Planning now owns 16,215 shares of the company’s stock valued at $1,894,000 after buying an additional 1,078 shares during the last quarter. Finally, Equitable Holdings Inc. purchased a new position in First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter valued at approximately $349,000.

About First Trust Large Cap Core AlphaDEX Fund

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.