First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Strong Trading Volume – Time to Buy?

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw unusually-strong trading volume on Tuesday . 26,504 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 19,037 shares.The stock last traded at $178.4540 and had previously closed at $175.29.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 2.4%

The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 28.68 and a beta of 1.13. The firm has a fifty day moving average price of $183.32 and a 200 day moving average price of $170.26.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.0419 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.17 dividend on an annualized basis and a yield of 0.1%.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several large investors have recently made changes to their positions in FTC. Huntleigh Advisors Inc. raised its holdings in First Trust Large Cap Growth AlphaDEX Fund by 2.6% during the 4th 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. Merit Financial Group LLC bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at about $352,000. Assetmark Inc. boosted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 6.9% in the 4th quarter. Assetmark Inc. now owns 2,464 shares of the company’s stock valued at $394,000 after purchasing an additional 158 shares during the last quarter. Northland Securities Inc. bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at about $249,000. Finally, U.S. Capital Wealth Advisors LLC grew its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 42,360 shares of the company’s stock worth $6,772,000 after buying an additional 885 shares during the period.

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.