First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Unusually-High Trading Volume – What’s Next?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) shares saw unusually-strong trading volume on Wednesday . Approximately 102,209 shares changed hands during trading, an increase of 154% from the previous session’s volume of 40,313 shares.The stock last traded at $92.39 and had previously closed at $91.94.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The stock’s fifty day simple moving average is $92.14 and its 200-day simple moving average is $87.11. The firm has a market cap of $1.27 billion, a PE ratio of 13.54 and a beta of 0.91.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. World Investment Advisors purchased a new stake in First Trust Large Cap Value AlphaDEX Fund during the 4th quarter valued at about $257,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the fourth quarter worth about $240,000. NewEdge Advisors LLC raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 257.5% in the fourth quarter. NewEdge Advisors LLC now owns 99,385 shares of the company’s stock worth $8,562,000 after purchasing an additional 71,586 shares during the last quarter. Pacific Excel Wealth Advisors Inc. acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the fourth quarter worth about $866,000. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 0.4% during the fourth quarter. Cetera Investment Advisers now owns 343,490 shares of the company’s stock worth $29,591,000 after purchasing an additional 1,238 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.