First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Plans Dividend Increase – $0.52 Per Share

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) announced a quarterly dividend on Thursday, December 11th, NASDAQ Dividends reports. Stockholders of record on Friday, December 12th will be given a dividend of 0.5233 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, December 12th. This is a 30.6% increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40.

First Trust Large Cap Value AlphaDEX Fund Stock Down 0.6%

Shares of First Trust Large Cap Value AlphaDEX Fund stock traded down $0.48 on Friday, reaching $86.77. The stock had a trading volume of 15,246 shares, compared to its average volume of 36,477. The stock has a market capitalization of $1.19 billion, a P/E ratio of 13.54 and a beta of 0.91. The company has a 50 day moving average price of $83.69 and a 200 day moving average price of $81.42. First Trust Large Cap Value AlphaDEX Fund has a 1 year low of $66.01 and a 1 year high of $87.47.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC boosted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 0.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 201,320 shares of the company’s stock worth $15,445,000 after purchasing an additional 1,031 shares in the last quarter. Jones Financial Companies Lllp raised its stake in First Trust Large Cap Value AlphaDEX Fund by 46.3% in the first quarter. Jones Financial Companies Lllp now owns 6,893 shares of the company’s stock valued at $529,000 after buying an additional 2,180 shares during the last quarter. HBW Advisory Services LLC boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 4.2% in the second quarter. HBW Advisory Services LLC now owns 4,621 shares of the company’s stock worth $363,000 after acquiring an additional 185 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter worth about $230,000. Finally, Silver Oak Securities Incorporated grew its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 3.1% during the second quarter. Silver Oak Securities Incorporated now owns 18,845 shares of the company’s stock worth $1,482,000 after acquiring an additional 575 shares during the last quarter.

About First Trust Large Cap Value AlphaDEX Fund

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.