First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Large Volume Increase – What’s Next?

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 22,916 shares were traded during mid-day trading, an increase of 25% from the previous session’s volume of 18,272 shares.The stock last traded at $175.0110 and had previously closed at $176.21.

First Trust Large Cap Growth AlphaDEX Fund Stock Down 1.1%

The company has a market capitalization of $1.31 billion, a PE ratio of 28.68 and a beta of 1.14. The company has a 50-day moving average price of $180.12 and a two-hundred day moving average price of $174.47.

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First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

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

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

Several hedge funds and other institutional investors have recently modified their holdings of FTC. Arax Advisory Partners bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $26,000. First Bancorp Inc ME bought a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 2nd quarter worth approximately $60,000. HRT Financial LP purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $202,000. Private Client Services LLC purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 2nd quarter worth approximately $213,000. Finally, Two Sigma Securities LLC purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 2nd quarter worth approximately $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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