First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Large Volume Increase – Time to Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA – Get Free Report) shares saw unusually-strong trading volume on Wednesday. Approximately 60,983 shares were traded during mid-day trading, an increase of 75% from the previous session’s volume of 34,782 shares. The stock last traded at $98.0560 and had previously closed at $98.58.

First Trust Large Cap Value AlphaDEX Fund Stock Down 0.4%

The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 13.54 and a beta of 0.80. The company’s 50 day moving average price is $100.62 and its 200 day moving average price is $97.55.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.5259 dividend. The ex-dividend date was Thursday, September 24th. This is an increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3389. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.1%.

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

Hedge funds have recently bought and sold shares of the stock. First Heartland Consultants Inc. acquired a new position in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth about $250,000. NewEdge Advisors LLC lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 2.9% during the 2nd quarter. NewEdge Advisors LLC now owns 160,678 shares of the company’s stock valued at $15,553,000 after buying an additional 4,496 shares in the last quarter. Allworth Financial LP lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 2.1% during the 2nd quarter. Allworth Financial LP now owns 8,827 shares of the company’s stock valued at $854,000 after buying an additional 180 shares in the last quarter. Waverly Advisors LLC lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 1.6% during the 2nd quarter. Waverly Advisors LLC now owns 14,297 shares of the company’s stock valued at $1,384,000 after buying an additional 220 shares in the last quarter. Finally, Tucker Asset Management LLC grew its stake in First Trust Large Cap Value AlphaDEX Fund by 16.5% in the 2nd quarter. Tucker Asset Management LLC now owns 2,564 shares of the company’s stock valued at $248,000 after acquiring an additional 363 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Company Profile

(Get Free Report)

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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