First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Large Volume Increase – Here’s Why

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares saw unusually-high trading volume on Tuesday . Approximately 58,924 shares changed hands during mid-day trading, an increase of 133% from the previous session’s volume of 25,284 shares.The stock last traded at $137.20 and had previously closed at $136.44.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The company has a market cap of $1.07 billion, a PE ratio of 25.94 and a beta of 1.12. The stock’s 50-day simple moving average is $141.18 and its 200 day simple moving average is $138.79.

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

Institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 437,116 shares of the company’s stock worth $60,431,000 after buying an additional 6,865 shares in the last quarter. Raymond James Financial Inc. purchased a new position in First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter worth $27,798,000. Commonwealth Equity Services LLC lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 5.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 193,390 shares of the company’s stock valued at $26,736,000 after acquiring an additional 9,562 shares during the period. Baird Financial Group Inc. boosted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 26.8% during the 4th quarter. Baird Financial Group Inc. now owns 149,647 shares of the company’s stock worth $20,689,000 after purchasing an additional 31,662 shares in the last quarter. Finally, CX Institutional grew its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 15.2% during the 4th quarter. CX Institutional now owns 58,079 shares of the company’s stock worth $8,029,000 after purchasing an additional 7,649 shares during the period.

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).