First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Unusually-High Trading Volume – Should You Buy?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares saw unusually-strong trading volume on Monday. Approximately 21,295 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 17,657 shares. The stock last traded at $171.1690 and had previously closed at $169.67.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.28 billion, a PE ratio of 32.15 and a beta of 1.14. The company has a 50-day moving average price of $176.23 and a 200-day moving average price of $173.35.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.0682 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.0419. The ex-dividend date was Thursday, September 24th.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Hedge funds have recently bought and sold shares of the company. First Bancorp Inc ME bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the second quarter worth $60,000. Private Client Services LLC acquired a new stake in First Trust Large Cap Growth AlphaDEX Fund in the second quarter valued at $213,000. M Holdings Securities Inc. bought a new position in First Trust Large Cap Growth AlphaDEX Fund during the 3rd quarter valued at $205,000. Founders Financial Securities LLC bought a new position in First Trust Large Cap Growth AlphaDEX Fund during the 3rd quarter valued at $216,000. Finally, Summit Investment Advisory Services LLC boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 20.2% during the 3rd quarter. Summit Investment Advisory Services LLC now owns 1,298 shares of the company’s stock valued at $230,000 after acquiring an additional 218 shares during 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.