First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Strong Trading Volume – What’s Next?

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX – Get Free Report) saw an uptick in trading volume on Friday . Approximately 37,254 shares changed hands during trading, an increase of 70% from the previous session’s volume of 21,921 shares.The stock last traded at $138.3510 and had previously closed at $139.33.

First Trust Large Cap Core AlphaDEX Fund Trading Down 0.7%

The stock has a market capitalization of $1.58 billion, a P/E ratio of 17.76 and a beta of 0.95. The stock’s fifty day moving average price is $133.13 and its two-hundred day moving average price is $126.61.

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First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a $0.2669 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.07 annualized dividend and a yield of 0.8%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 6,734.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,211,423 shares of the company’s stock valued at $499,559,000 after acquiring an additional 4,149,805 shares during the last quarter. Janney Montgomery Scott LLC grew its position in First Trust Large Cap Core AlphaDEX Fund by 0.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 511,453 shares of the company’s stock worth $62,360,000 after acquiring an additional 4,338 shares during the last quarter. Bank of America Corp DE increased its stake in First Trust Large Cap Core AlphaDEX Fund by 3.0% in the 1st quarter. Bank of America Corp DE now owns 234,821 shares of the company’s stock worth $28,631,000 after purchasing an additional 6,936 shares during the period. Royal Bank of Canada increased its stake in First Trust Large Cap Core AlphaDEX Fund by 31.5% in the 4th quarter. Royal Bank of Canada now owns 225,417 shares of the company’s stock worth $26,738,000 after purchasing an additional 53,976 shares during the period. Finally, UBS Group AG lifted its position in First Trust Large Cap Core AlphaDEX Fund by 3.2% in the third quarter. UBS Group AG now owns 203,482 shares of the company’s stock valued at $23,771,000 after purchasing an additional 6,315 shares during the last quarter.

First Trust Large Cap Core AlphaDEX Fund Company Profile

(Get Free Report)

First Trust Large Cap Core AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Core 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 Index. Standard & Poor’s constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.

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