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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) shares saw strong trading volume on Friday . 44,351 shares were traded during mid-day trading, an increase of 11% from the previous session’s volume of 39,801 shares.The stock last traded at $95.4170 and had previously closed at $95.21.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 13.54 and a beta of 0.85. The firm has a 50 day moving average price of $93.19 and a 200-day moving average price of $89.01.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.3622 dividend. This represents a $1.45 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, March 26th.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Several hedge funds have recently modified their holdings of FTA. LPL Financial LLC raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 8.4% in the fourth quarter. LPL Financial LLC now owns 1,001,829 shares of the company’s stock valued at $86,305,000 after acquiring an additional 77,963 shares in the last quarter. NewEdge Advisors LLC raised its stake in First Trust Large Cap Value AlphaDEX Fund by 257.5% in the fourth quarter. NewEdge Advisors LLC now owns 99,385 shares of the company’s stock valued at $8,562,000 after buying an additional 71,586 shares in the last quarter. Bank of America Corp DE raised its stake in First Trust Large Cap Value AlphaDEX Fund by 13.4% in the second quarter. Bank of America Corp DE now owns 342,742 shares of the company’s stock valued at $26,950,000 after buying an additional 40,412 shares in the last quarter. Royal Bank of Canada raised its stake in First Trust Large Cap Value AlphaDEX Fund by 9.3% in the fourth quarter. Royal Bank of Canada now owns 297,555 shares of the company’s stock valued at $25,634,000 after buying an additional 25,195 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in First Trust Large Cap Value AlphaDEX Fund by 211.6% in the second quarter. Baird Financial Group Inc. now owns 31,020 shares of the company’s stock valued at $2,439,000 after buying an additional 21,066 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.