First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Large Volume Increase – Still a Buy?

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC – Get Free Report) saw unusually-high trading volume on Wednesday . 37,246 shares changed hands during mid-day trading, an increase of 94% from the previous session’s volume of 19,167 shares.The stock last traded at $190.5890 and had previously closed at $193.77.

First Trust Large Cap Growth AlphaDEX Fund Stock Down 2.0%

The stock’s 50 day moving average is $180.58 and its 200-day moving average is $168.23. The company has a market cap of $1.40 billion, a PE ratio of 28.68 and a beta of 1.15.

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First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.0419 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arax Advisory Partners purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $26,000. Flagship Harbor Advisors LLC bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter valued at approximately $176,000. HRT Financial LP purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter valued at $202,000. Northland Securities Inc. purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter valued at $249,000. Finally, Two Sigma Securities LLC bought a new stake in First Trust Large Cap Growth AlphaDEX Fund in the second quarter worth $266,000.

About First Trust Large Cap Growth AlphaDEX Fund

(Get Free Report)

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.

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