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

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX – Get Free Report) saw strong trading volume on Tuesday . 16,708 shares were traded during trading, a decline of 26% from the previous session’s volume of 22,590 shares.The stock last traded at $141.54 and had previously closed at $142.44.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The firm has a fifty day simple moving average of $137.60 and a 200 day simple moving average of $131.00. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 17.76 and a beta of 0.94.

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First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.2669 per share. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FEX. Northwestern Mutual Wealth Management Co. lifted its position in First Trust Large Cap Core AlphaDEX Fund by 6,734.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,211,423 shares of the company’s stock worth $499,559,000 after acquiring an additional 4,149,805 shares during the last quarter. Crusonia Wealth Advisors LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the fourth quarter worth about $15,668,000. Royal Bank of Canada increased its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 31.5% in the fourth 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. Virtu Financial LLC lifted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 365.4% during the 4th quarter. Virtu Financial LLC now owns 35,266 shares of the company’s stock worth $4,183,000 after purchasing an additional 27,688 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 1st quarter worth about $1,613,000.

About First Trust Large Cap Core AlphaDEX Fund

(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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