First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Large Volume Increase – Here’s What Happened

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares saw an uptick in trading volume on Tuesday . 79,098 shares changed hands during trading, an increase of 187% from the previous session’s volume of 27,552 shares.The stock last traded at $143.38 and had previously closed at $143.98.

First Trust Large Cap Growth AlphaDEX Fund Trading Down 0.4%

The business’s fifty day simple moving average is $131.49 and its 200 day simple moving average is $138.76. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 25.32 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.0428 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.17 dividend on an annualized basis and a yield of 0.12%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.5% in the first quarter. Janney Montgomery Scott LLC now owns 447,862 shares of the company’s stock valued at $58,849,000 after acquiring an additional 10,746 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 95.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 229,951 shares of the company’s stock worth $30,216,000 after purchasing an additional 112,072 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $27,798,000. Commonwealth Equity Services LLC boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 5.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 193,390 shares of the company’s stock valued at $26,736,000 after purchasing an additional 9,562 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 6.1% during the first quarter. Baird Financial Group Inc. now owns 158,701 shares of the company’s stock worth $20,853,000 after buying an additional 9,054 shares in the last quarter.

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).