First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Unusually-High Trading Volume – Should You Buy?

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw unusually-high trading volume on Friday . Approximately 24,062 shares traded hands during mid-day trading, a decline of 33% from the previous session’s volume of 36,160 shares.The stock last traded at $86.78 and had previously closed at $86.78.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The firm’s fifty day moving average is $84.39 and its two-hundred day moving average is $82.15. The firm has a market capitalization of $1.19 billion, a PE ratio of 13.54 and a beta of 0.91.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a $0.5233 dividend. This is a boost from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 2.4%.

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

Several institutional investors have recently added to or reduced their stakes in FTA. IFP Advisors Inc lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 5.2% during the 3rd quarter. IFP Advisors Inc now owns 40,717 shares of the company’s stock valued at $3,393,000 after buying an additional 2,025 shares in the last quarter. Centaurus Financial Inc. raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 16.9% during the 3rd quarter. Centaurus Financial Inc. now owns 1,895 shares of the company’s stock valued at $158,000 after acquiring an additional 274 shares during the period. Advisory Services Network LLC purchased a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the third quarter worth $170,000. NewEdge Advisors LLC lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 7.0% during the third quarter. NewEdge Advisors LLC now owns 27,799 shares of the company’s stock worth $2,316,000 after acquiring an additional 1,816 shares in the last quarter. Finally, Mariner LLC boosted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 138.8% in the third quarter. Mariner LLC now owns 14,934 shares of the company’s stock worth $1,244,000 after acquiring an additional 8,679 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Company Profile

The First Trust Large Cap Value AlphaDEX Fund (FTA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Large Cap Value index. The fund selects and weights value stocks using fundamental factors including sales, book value and cash flows. FTA was launched on May 8, 2007 and is managed by First Trust.