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

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw strong trading volume on Monday . 27,107 shares traded hands during mid-day trading, an increase of 6% from the previous session’s volume of 25,518 shares.The stock last traded at $106.41 and had previously closed at $106.79.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The company has a fifty day moving average price of $99.98 and a two-hundred day moving average price of $105.02. The company has a market capitalization of $1.29 billion, a P/E ratio of 18.17 and a beta of 1.00.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.2989 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Thursday, March 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position in First Trust Large Cap Core AlphaDEX Fund by 9.4% during the first quarter. Jones Financial Companies Lllp now owns 4,148 shares of the company’s stock worth $425,000 after buying an additional 356 shares in the last quarter. PKS Advisory Services LLC lifted its position in First Trust Large Cap Core AlphaDEX Fund by 430.8% during the 1st quarter. PKS Advisory Services LLC now owns 36,325 shares of the company’s stock worth $3,722,000 after acquiring an additional 29,481 shares during the period. Comerica Bank boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 1.3% in the first quarter. Comerica Bank now owns 12,913 shares of the company’s stock valued at $1,323,000 after buying an additional 162 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new position in First Trust Large Cap Core AlphaDEX Fund in the 1st quarter valued at approximately $340,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in First Trust Large Cap Core AlphaDEX Fund by 1,444.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 68,853 shares of the company’s stock worth $7,055,000 after acquiring an additional 64,394 shares during the last quarter.

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.