First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Shares Down 0.5% – Here’s Why

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA)’s stock price fell 0.5% on Monday . The stock traded as low as $95.64 and last traded at $95.74. 15,394 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 37,236 shares. The stock had previously closed at $96.18.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The firm has a market cap of $1.31 billion, a PE ratio of 13.54 and a beta of 0.79. The firm has a 50-day simple moving average of $93.98 and a 200 day simple moving average of $91.11.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

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

Hedge Funds Weigh In On First Trust Large Cap Value AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Main Street Group LTD purchased a new position in First Trust Large Cap Value AlphaDEX Fund during the first quarter valued at $33,000. Cullen Frost Bankers Inc. lifted its position in First Trust Large Cap Value AlphaDEX Fund by 51.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock valued at $39,000 after buying an additional 154 shares during the period. Clear Investment Research LLC purchased a new position in First Trust Large Cap Value AlphaDEX Fund during the third quarter valued at $44,000. Smartleaf Asset Management LLC lifted its position in First Trust Large Cap Value AlphaDEX Fund by 282.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock valued at $49,000 after buying an additional 415 shares during the period. Finally, Smithfield Trust Co lifted its position in First Trust Large Cap Value AlphaDEX Fund by 20.0% during the fourth quarter. Smithfield Trust Co now owns 720 shares of the company’s stock valued at $62,000 after buying an additional 120 shares during the period.

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.