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

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw strong trading volume on Tuesday . 82,587 shares changed hands during mid-day trading, an increase of 197% from the previous session’s volume of 27,772 shares.The stock last traded at $147.41 and had previously closed at $146.16.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The firm’s 50-day moving average price is $138.97 and its 200 day moving average price is $138.73. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 27.19 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued 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%.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

A number of hedge funds have recently modified their holdings of the company. Rossby Financial LCC acquired a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 1st quarter worth $37,000. Pillar Financial Advisors LLC bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $60,000. Mpwm Advisory Solutions LLC bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at about $60,000. Centaurus Financial Inc. bought a new stake in First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $133,000. Finally, Runnymede Capital Advisors Inc. bought a new position in First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter worth $138,000.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

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).