First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Large Volume Increase – Here’s Why

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTAGet Free Report) shares saw strong trading volume on Tuesday . 44,764 shares changed hands during trading, an increase of 30% from the previous session’s volume of 34,490 shares.The stock last traded at $102.8450 and had previously closed at $102.57.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The company’s 50 day simple moving average is $100.86 and its 200 day simple moving average is $96.40. The stock has a market cap of $1.42 billion, a P/E ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value 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 given a $0.3389 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.3%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTA. LPL Financial LLC lifted 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 purchasing an additional 77,963 shares in the last quarter. NewEdge Advisors LLC increased its stake in First Trust Large Cap Value AlphaDEX Fund by 257.5% during the 4th quarter. NewEdge Advisors LLC now owns 99,385 shares of the company’s stock worth $8,562,000 after purchasing an additional 71,586 shares in the last quarter. Bank of America Corp DE raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 12.8% during the 1st quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock worth $36,137,000 after buying an additional 44,259 shares during the period. Gateway Wealth Partners LLC raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 104.5% during the 1st quarter. Gateway Wealth Partners LLC now owns 69,377 shares of the company’s stock worth $6,407,000 after buying an additional 35,449 shares during the period. Finally, Royal Bank of Canada lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 9.3% in the fourth quarter. Royal Bank of Canada now owns 297,555 shares of the company’s stock valued at $25,634,000 after buying an additional 25,195 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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