First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Strong Trading Volume – Time to Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) shares saw unusually-strong trading volume on Wednesday. Approximately 60,983 shares traded hands during mid-day trading, an increase of 75% from the previous session’s volume of 34,782 shares. The stock last traded at $98.0560 and had previously closed at $98.58.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The stock has a 50 day moving average price of $100.52 and a two-hundred day moving average price of $97.65. The company has a market capitalization of $1.38 billion, a PE ratio of 13.54 and a beta of 0.80.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.5259 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3389.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its position in First Trust Large Cap Value AlphaDEX Fund by 2.1% in the second quarter. Allworth Financial LP now owns 8,827 shares of the company’s stock worth $854,000 after acquiring an additional 180 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 1.1% in the 1st quarter. Sanctuary Advisors LLC now owns 19,279 shares of the company’s stock valued at $1,780,000 after acquiring an additional 212 shares in the last quarter. Waverly Advisors LLC raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 1.6% in the 2nd quarter. Waverly Advisors LLC now owns 14,297 shares of the company’s stock worth $1,384,000 after acquiring an additional 220 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 11.0% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,449 shares of the company’s stock worth $233,000 after purchasing an additional 242 shares during the last quarter. Finally, HBW Advisory Services LLC increased its position in First Trust Large Cap Value AlphaDEX Fund by 1.8% during the first quarter. HBW Advisory Services LLC now owns 15,178 shares of the company’s stock worth $1,402,000 after acquiring an additional 271 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.