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

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw unusually-strong trading volume on Thursday . 179,668 shares were traded during trading, an increase of 570% from the previous session’s volume of 26,827 shares.The stock last traded at $127.77 and had previously closed at $134.13.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 25.94 and a beta of 1.04. The firm has a fifty day moving average price of $139.88 and a 200-day moving average price of $139.17.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.0428 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.17 annualized dividend and a yield of 0.14%.

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

Several hedge funds have recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth about $29,000. Pillar Financial Advisors LLC acquired a new position in First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter worth $60,000. Mpwm Advisory Solutions LLC acquired a new position in First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter worth $60,000. Centaurus Financial Inc. acquired a new position in First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter valued at about $133,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $138,000.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

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).