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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw an uptick in trading volume on Tuesday . 20,866 shares traded hands during mid-day trading, a decline of 9% from the previous session’s volume of 22,865 shares.The stock last traded at $156.7010 and had previously closed at $157.58.

First Trust Large Cap Growth AlphaDEX Fund Stock Up 3.5%

The business’s fifty day moving average is $159.69 and its two-hundred day moving average is $160.60. The stock has a market capitalization of $1.21 billion, a PE ratio of 28.68 and a beta of 1.15.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.0607 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. This is a boost from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 0.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 444,932 shares of the company’s stock valued at $71,134,000 after purchasing an additional 3,375 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 37.8% in the second quarter. Raymond James Financial Inc. now owns 268,160 shares of the company’s stock valued at $40,484,000 after purchasing an additional 73,618 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 0.3% in the third quarter. Commonwealth Equity Services LLC now owns 192,639 shares of the company’s stock valued at $30,949,000 after purchasing an additional 573 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.8% in the second quarter. Bank of America Corp DE now owns 154,077 shares of the company’s stock valued at $23,261,000 after purchasing an additional 4,127 shares in the last quarter. Finally, CX Institutional boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 2.6% during the fourth quarter. CX Institutional now owns 107,778 shares of the company’s stock worth $17,231,000 after buying an additional 2,738 shares during the period.

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.