First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Increases Dividend to $0.07 Per Share

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.0682 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 62.8% increase from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.04.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

FTC traded down $2.31 during midday trading on Thursday, reaching $177.16. 923 shares of the company were exchanged, compared to its average volume of 18,074. The company’s fifty day moving average price is $178.58 and its 200 day moving average price is $175.34. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 28.68 and a beta of 1.14. First Trust Large Cap Growth AlphaDEX Fund has a one year low of $147.94 and a one year high of $194.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FTC. Baird Financial Group Inc. grew its holdings in First Trust Large Cap Growth AlphaDEX Fund by 0.8% during the second quarter. Baird Financial Group Inc. now owns 152,775 shares of the company’s stock valued at $29,603,000 after purchasing an additional 1,207 shares during the period. Royal Bank of Canada boosted its position in First Trust Large Cap Growth AlphaDEX Fund by 1.8% during the first quarter. Royal Bank of Canada now owns 68,493 shares of the company’s stock worth $10,558,000 after purchasing an additional 1,195 shares during the period. Envestnet Asset Management Inc. grew its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 7.4% in the second quarter. Envestnet Asset Management Inc. now owns 36,193 shares of the company’s stock valued at $7,013,000 after purchasing an additional 2,506 shares in the last quarter. Gateway Wealth Partners LLC lifted its stake in First Trust Large Cap Growth AlphaDEX Fund by 97.1% in the 1st quarter. Gateway Wealth Partners LLC now owns 31,138 shares of the company’s stock worth $4,800,000 after purchasing an additional 15,336 shares in the last quarter. Finally, LVZ Inc. boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 17.2% during the first quarter. LVZ Inc. now owns 27,328 shares of the company’s stock valued at $4,212,000 after buying an additional 4,015 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). 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.