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

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) shares saw strong trading volume on Wednesday. Approximately 23,481 shares were traded during trading, an increase of 8% from the previous session’s volume of 21,684 shares. The stock last traded at $136.9390 and had previously closed at $135.18.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The business’s 50-day simple moving average is $136.57 and its 200-day simple moving average is $135.06. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 17.76 and a beta of 0.94.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.4077 per share. The ex-dividend date was Thursday, September 24th. This represents a $1.63 dividend on an annualized basis and a yield of 1.2%. This is a boost from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.2669.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 0.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 511,453 shares of the company’s stock worth $62,360,000 after buying an additional 4,338 shares during the last quarter. Bank of America Corp DE grew its position in First Trust Large Cap Core AlphaDEX Fund by 3.0% during the first quarter. Bank of America Corp DE now owns 234,821 shares of the company’s stock valued at $28,631,000 after acquiring an additional 6,936 shares during the period. Cetera Investment Advisers raised its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 3.0% in the 1st quarter. Cetera Investment Advisers now owns 118,123 shares of the company’s stock worth $14,402,000 after purchasing an additional 3,454 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 44.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 86,559 shares of the company’s stock valued at $12,107,000 after purchasing an additional 26,490 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 1,168.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 60,274 shares of the company’s stock worth $8,431,000 after purchasing an additional 55,523 shares during the period.

First Trust Large Cap Core AlphaDEX Fund Company Profile

First Trust Large Cap Core AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Core 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 Index. Standard & Poor’s constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.