First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Unusually-High Trading Volume – Here’s Why

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares saw an uptick in trading volume on Monday. 21,295 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 17,657 shares. The stock last traded at $171.1690 and had previously closed at $169.67.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 28.68 and a beta of 1.13. The stock’s 50 day simple moving average is $176.67 and its 200-day simple moving average is $173.31.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.0682 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.0419.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC bought a new position in First Trust Large Cap Growth AlphaDEX Fund in the 3rd quarter worth approximately $26,137,000. International Assets Investment Management LLC lifted its stake in First Trust Large Cap Growth AlphaDEX Fund by 874.9% during the third quarter. International Assets Investment Management LLC now owns 18,737 shares of the company’s stock worth $3,324,000 after purchasing an additional 16,815 shares during the period. Founders Financial Securities LLC acquired a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 3rd quarter valued at $216,000. D.A. Davidson & CO. acquired a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the 3rd quarter worth about $6,563,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the third quarter valued at approximately $1,574,000.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

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.