First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Shares Up 0.5% – Here’s Why

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) were up 0.5% during trading on Tuesday . The stock traded as high as $184.68 and last traded at $184.40. Approximately 8,602 shares changed hands during trading, a decline of 55% from the average daily volume of 18,989 shares. The stock had previously closed at $183.43.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The stock’s 50 day simple moving average is $183.16 and its two-hundred day simple moving average is $172.13. The stock has a market cap of $1.40 billion, a P/E ratio of 28.68 and a beta of 1.14.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

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

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 55.5% in the 2nd quarter. NewEdge Advisors LLC now owns 4,440 shares of the company’s stock valued at $670,000 after purchasing an additional 1,584 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 37.8% in the second quarter. Raymond James Financial Inc. now owns 268,160 shares of the company’s stock valued at $40,484,000 after purchasing an additional 73,618 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 502.2% during the second quarter. Ameriprise Financial Inc. now owns 22,650 shares of the company’s stock worth $3,419,000 after buying an additional 18,889 shares during the period. Bank of America Corp DE boosted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.8% during the second quarter. Bank of America Corp DE now owns 154,077 shares of the company’s stock worth $23,261,000 after buying an additional 4,127 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 33.0% during the second quarter. Benjamin Edwards Inc. now owns 61,314 shares of the company’s stock worth $9,257,000 after buying an additional 15,217 shares in the last quarter.

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). 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.