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

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) shares saw unusually-high trading volume on Thursday . 52,519 shares were traded during trading, an increase of 135% from the previous session’s volume of 22,369 shares.The stock last traded at $135.2060 and had previously closed at $135.14.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.3%

The firm has a market cap of $1.57 billion, a PE ratio of 17.76 and a beta of 0.94. The business has a 50-day moving average price of $136.27 and a two-hundred day moving average price of $129.47.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.2669 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.8%.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

Several institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 6,734.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,211,423 shares of the company’s stock valued at $499,559,000 after acquiring an additional 4,149,805 shares in the last quarter. BIP Wealth LLC acquired a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 4th quarter valued at approximately $15,743,000. Crusonia Wealth Advisors LLC acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the fourth quarter worth about $15,668,000. Royal Bank of Canada boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 31.5% during the 4th quarter. Royal Bank of Canada now owns 225,417 shares of the company’s stock worth $26,738,000 after purchasing an additional 53,976 shares during the last quarter. Finally, Virtu Financial LLC raised its holdings in First Trust Large Cap Core AlphaDEX Fund by 365.4% in the 4th quarter. Virtu Financial LLC now owns 35,266 shares of the company’s stock valued at $4,183,000 after acquiring an additional 27,688 shares during the last quarter.

First Trust Large Cap Core AlphaDEX Fund Company Profile

First Trust Large Cap Core AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Core 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 Index. Standard & Poor’s constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.