First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Unusually-High Trading Volume – Still a Buy?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw unusually-strong trading volume on Wednesday . 37,246 shares traded hands during mid-day trading, an increase of 94% from the previous session’s volume of 19,167 shares.The stock last traded at $190.5890 and had previously closed at $193.77.

First Trust Large Cap Growth AlphaDEX Fund Trading Down 2.9%

The firm has a market capitalization of $1.35 billion, a P/E ratio of 28.68 and a beta of 1.13. The company has a 50 day simple moving average of $181.21 and a two-hundred day simple moving average of $168.57.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.0419 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Large Cap Growth AlphaDEX Fund

Several institutional investors have recently bought and sold shares of FTC. Founders Financial Alliance LLC raised its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 3.0% during the 4th quarter. Founders Financial Alliance LLC now owns 2,683 shares of the company’s stock worth $429,000 after acquiring an additional 77 shares in the last quarter. &PARTNERS boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 2.1% in the fourth quarter. &PARTNERS now owns 3,747 shares of the company’s stock valued at $599,000 after acquiring an additional 78 shares in the last quarter. Allworth Financial LP boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 0.9% in the third quarter. Allworth Financial LP now owns 9,382 shares of the company’s stock valued at $1,507,000 after acquiring an additional 84 shares in the last quarter. CoreCap Advisors LLC grew its holdings in First Trust Large Cap Growth AlphaDEX Fund by 1.1% in the fourth quarter. CoreCap Advisors LLC now owns 8,491 shares of the company’s stock worth $1,358,000 after purchasing an additional 96 shares during the last quarter. Finally, Huntleigh Advisors Inc. grew its holdings in First Trust Large Cap Growth AlphaDEX Fund by 2.6% in the fourth quarter. Huntleigh Advisors Inc. now owns 4,005 shares of the company’s stock worth $640,000 after purchasing an additional 101 shares during the last quarter.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

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). 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 Growth Index.