First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Shares Climb 0.9% – Here’s What Happened

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s stock price was up 0.9% during mid-day trading on Thursday. The stock traded as high as $136.19 and last traded at $136.17. 11,862 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 21,677 shares. The stock had previously closed at $134.90.

First Trust Large Cap Core AlphaDEX Fund Stock Down 0.7%

The business has a fifty day moving average of $136.90 and a 200 day moving average of $134.55. The firm has a market cap of $1.56 billion, a P/E ratio of 17.76 and a beta of 0.94.

First Trust Large Cap Core 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 given a $0.4077 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.2669. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.2%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FEX. Compass Financial Management LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter valued at $83,000. Allied Private Wealth LLC acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the second quarter valued at $113,000. Farther Finance Advisors LLC raised its position in shares of First Trust Large Cap Core AlphaDEX Fund by 29.7% in the third quarter. Farther Finance Advisors LLC now owns 873 shares of the company’s stock valued at $116,000 after purchasing an additional 200 shares during the period. Western Wealth Management LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the first quarter valued at about $125,000. Finally, Fairway Wealth LLC acquired a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 1st quarter worth about $133,000.

About First Trust Large Cap Core AlphaDEX Fund

First Trust Large Cap Core AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Core Index (the Index). The Index is an enhanced index created and administered by Standard & Poor’s, which employs the AlphaDEX stock selection methodology to select stocks from the S&P 500 Index. Standard & Poor’s constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.