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

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw strong trading volume on Monday. Approximately 42,166 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 35,974 shares. The stock last traded at $104.5760 and had previously closed at $103.98.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The stock has a market capitalization of $1.47 billion, a PE ratio of 13.54 and a beta of 0.80. The business’s 50-day moving average price is $100.23 and its 200 day moving average price is $96.46.

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 issued a dividend of $0.5259 per share. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3389. This represents a $2.10 annualized dividend and a dividend yield of 2.0%.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers lifted 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 worth $31,877,000 after acquiring an additional 1,685 shares during the period. Parallel Advisors LLC boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 558.1% in the first quarter. Parallel Advisors LLC now owns 14,879 shares of the company’s stock valued at $1,374,000 after acquiring an additional 12,618 shares in the last quarter. Independent Financial Group LLC purchased a new position in First Trust Large Cap Value AlphaDEX Fund during the 1st quarter valued at $823,000. Sanctuary Advisors LLC raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 1.1% in the 1st quarter. Sanctuary Advisors LLC now owns 19,279 shares of the company’s stock worth $1,780,000 after purchasing an additional 212 shares in the last quarter. Finally, Sigma Planning Corp raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 11.4% in the 1st quarter. Sigma Planning Corp now owns 5,830 shares of the company’s stock worth $538,000 after purchasing an additional 595 shares in the last quarter.

First Trust Large Cap Value AlphaDEX Fund Company Profile

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.