First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Trading Down 0.2% – Should You Sell?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares dropped 0.2% during mid-day trading on Thursday . The stock traded as low as $162.01 and last traded at $163.60. Approximately 7,439 shares changed hands during trading, a decline of 69% from the average daily volume of 24,241 shares. The stock had previously closed at $163.90.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The company has a market cap of $1.28 billion, a P/E ratio of 28.68 and a beta of 1.12. The stock has a 50-day moving average of $162.88 and a 200 day moving average of $160.31.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.0326 per share. This represents a $0.13 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, December 12th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Arax Advisory Partners bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $26,000. GPS Wealth Strategies Group LLC increased its stake in First Trust Large Cap Growth AlphaDEX Fund by 39.8% in the third quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company’s stock valued at $36,000 after acquiring an additional 64 shares during the last quarter. Asset Dedication LLC raised its position in First Trust Large Cap Growth AlphaDEX Fund by 124.2% during the second quarter. Asset Dedication LLC now owns 1,083 shares of the company’s stock valued at $164,000 after purchasing an additional 600 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter worth $176,000. Finally, HRT Financial LP acquired a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at $202,000.

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.