First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Trading Down 1.6% – What’s Next?

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) fell 1.6% during trading on Thursday . The company traded as low as $157.99 and last traded at $158.64. 25,461 shares were traded during trading, an increase of 2% from the average session volume of 24,848 shares. The stock had previously closed at $161.18.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 0.8%

The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 28.68 and a beta of 1.12. The firm’s 50-day moving average is $160.46 and its two-hundred day moving average is $152.06.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a $0.1324 dividend. This is a boost from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.11. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 25th.

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

Large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 4.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 31,681 shares of the company’s stock worth $4,163,000 after acquiring an additional 1,407 shares during the period. HighTower Advisors LLC grew its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.7% in the 1st quarter. HighTower Advisors LLC now owns 8,886 shares of the company’s stock valued at $1,168,000 after buying an additional 150 shares during the period. Elevation Capital Advisory LLC acquired a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the 1st quarter worth approximately $7,501,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the 1st quarter valued at approximately $1,708,000. Finally, Virtu Financial LLC purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the 1st quarter valued at approximately $3,061,000.

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).