First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Unusually-High Trading Volume – Here’s Why

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw unusually-strong trading volume on Tuesday . Approximately 82,587 shares were traded during mid-day trading, an increase of 197% from the previous session’s volume of 27,772 shares.The stock last traded at $147.41 and had previously closed at $146.16.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 1.2%

The company has a market cap of $1.15 billion, a price-to-earnings ratio of 27.19 and a beta of 1.04. The company has a fifty day moving average price of $138.97 and a two-hundred day moving average price of $138.73.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.0428 dividend. This represents a $0.17 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FTC. HighTower Advisors LLC lifted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.7% during the first quarter. HighTower Advisors LLC now owns 8,886 shares of the company’s stock worth $1,168,000 after purchasing an additional 150 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 3.0% during the 4th quarter. JPMorgan Chase & Co. now owns 5,627 shares of the company’s stock worth $778,000 after buying an additional 165 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in First Trust Large Cap Growth AlphaDEX Fund by 1.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 10,517 shares of the company’s stock valued at $1,382,000 after buying an additional 169 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 5.9% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 3,406 shares of the company’s stock valued at $471,000 after buying an additional 191 shares during the period. Finally, Rossby Financial LCC acquired a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the 1st quarter valued at $37,000.

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).