First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Large Volume Increase – Still a Buy?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw unusually-high trading volume on Thursday . Approximately 179,668 shares changed hands during trading, an increase of 570% from the previous session’s volume of 26,827 shares.The stock last traded at $127.77 and had previously closed at $134.13.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.00 billion, a P/E ratio of 25.94 and a beta of 1.04. The firm has a fifty day simple moving average of $139.88 and a two-hundred day simple moving average of $139.17.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.0428 per share. This represents a $0.17 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Thursday, March 27th.

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

Hedge funds have recently bought and sold shares of the stock. Comprehensive Financial Planning Inc. PA bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter valued at $29,000. Pillar Financial Advisors LLC bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter valued at approximately $60,000. Mpwm Advisory Solutions LLC purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter worth $60,000. Centaurus Financial Inc. purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $133,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter worth $138,000.

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).