First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Large Volume Increase – Still a Buy?

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw unusually-strong trading volume on Monday . Approximately 50,346 shares traded hands during trading, an increase of 55% from the previous session’s volume of 32,430 shares.The stock last traded at $145.00 and had previously closed at $145.79.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The business has a fifty day moving average of $143.21 and a 200-day moving average of $134.85. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 21.72 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.2752 dividend. The ex-dividend date was Friday, December 13th.

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

Several hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in First Trust Large Cap Growth AlphaDEX Fund by 12,202.4% during the third quarter. International Assets Investment Management LLC now owns 521,991 shares of the company’s stock valued at $68,610,000 after purchasing an additional 517,748 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 437,116 shares of the company’s stock worth $60,431,000 after purchasing an additional 6,865 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 9.6% during the 3rd quarter. Raymond James & Associates now owns 113,004 shares of the company’s stock valued at $14,853,000 after buying an additional 9,945 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.1% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 87,802 shares of the company’s stock valued at $11,541,000 after buying an additional 988 shares in the last quarter. Finally, CX Institutional increased its holdings in First Trust Large Cap Growth AlphaDEX Fund by 15.2% in the fourth quarter. CX Institutional now owns 58,079 shares of the company’s stock worth $8,029,000 after buying an additional 7,649 shares during the last quarter.

About First Trust Large Cap Growth AlphaDEX Fund

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).