First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Unusually-High Trading Volume – What’s Next?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTAGet Free Report) saw strong trading volume on Monday . 86,832 shares changed hands during trading, an increase of 137% from the previous session’s volume of 36,575 shares.The stock last traded at $98.8750 and had previously closed at $98.08.

First Trust Large Cap Value AlphaDEX Fund Trading Down 0.6%

The business has a fifty day moving average price of $95.77 and a two-hundred day moving average price of $93.23. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.3389 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.36 dividend on an annualized basis and a yield of 1.4%.

Institutional Investors Weigh In On First Trust Large Cap Value AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTA. LPL Financial LLC grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 8.4% during the 4th quarter. LPL Financial LLC now owns 1,001,829 shares of the company’s stock valued at $86,305,000 after acquiring an additional 77,963 shares in the last quarter. Bank of America Corp DE grew its stake in First Trust Large Cap Value AlphaDEX Fund by 12.8% in the first quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock valued at $36,137,000 after purchasing an additional 44,259 shares in the last quarter. Cetera Investment Advisers grew its stake in First Trust Large Cap Value AlphaDEX Fund by 0.5% in the first quarter. Cetera Investment Advisers now owns 345,175 shares of the company’s stock valued at $31,877,000 after purchasing an additional 1,685 shares in the last quarter. Royal Bank of Canada increased its position in First Trust Large Cap Value AlphaDEX Fund by 0.5% in the 1st quarter. Royal Bank of Canada now owns 298,949 shares of the company’s stock worth $27,608,000 after purchasing an additional 1,394 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 2.3% during the 3rd quarter. Raymond James Financial Inc. now owns 291,928 shares of the company’s stock worth $24,325,000 after purchasing an additional 6,610 shares in the last quarter.

About First Trust Large Cap Value AlphaDEX Fund

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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.

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