First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Shares Down 0.5% – Here’s Why

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTAGet Free Report)’s share price was down 0.5% during trading on Monday . The stock traded as low as $95.64 and last traded at $95.74. Approximately 15,394 shares changed hands during trading, a decline of 59% from the average daily volume of 37,236 shares. The stock had previously closed at $96.18.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The firm has a 50-day moving average price of $93.98 and a 200-day moving average price of $91.11. The stock has a market cap of $1.31 billion, a PE ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.3622 dividend. This represents a $1.45 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, March 26th.

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

Several large investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 558.1% in the 1st quarter. Parallel Advisors LLC now owns 14,879 shares of the company’s stock worth $1,374,000 after purchasing an additional 12,618 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 57.1% in the 1st quarter. NewEdge Advisors LLC now owns 156,182 shares of the company’s stock worth $14,423,000 after purchasing an additional 56,797 shares during the last quarter. Bank of America Corp DE raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 12.8% in the 1st quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock worth $36,137,000 after purchasing an additional 44,259 shares during the last quarter. Arkadios Wealth Advisors raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 8.8% in the 1st quarter. Arkadios Wealth Advisors now owns 14,562 shares of the company’s stock worth $1,345,000 after purchasing an additional 1,180 shares during the last quarter. Finally, IFS Group LLC purchased a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the first quarter worth $576,000.

First Trust Large Cap Value AlphaDEX Fund Company Profile

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The First Trust Large Cap Value AlphaDEX Fund (FTA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Large Cap Value index. The fund selects and weights value stocks using fundamental factors including sales, book value and cash flows. FTA was launched on May 8, 2007 and is managed by First Trust.

Further Reading

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