First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Unusually-High Trading Volume – Here’s Why

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw strong trading volume on Monday . 86,832 shares traded hands during mid-day trading, an increase of 137% from the previous session’s volume of 36,575 shares.The stock last traded at $98.8750 and had previously closed at $98.08.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The business has a 50-day moving average of $95.61 and a 200 day moving average of $93.06. The company has a market cap of $1.35 billion, a PE ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.3389 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.36 annualized dividend and a dividend yield of 1.4%.

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

Several institutional investors have recently made changes to their positions in the business. LPL Financial LLC boosted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 8.4% in the fourth quarter. LPL Financial LLC now owns 1,001,829 shares of the company’s stock worth $86,305,000 after buying an additional 77,963 shares during the last quarter. Bank of America Corp DE increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 12.8% during the first quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock valued at $36,137,000 after buying an additional 44,259 shares during the last quarter. Cetera Investment Advisers raised its position in First Trust Large Cap Value AlphaDEX Fund by 0.5% in the first quarter. Cetera Investment Advisers now owns 345,175 shares of the company’s stock worth $31,877,000 after acquiring an additional 1,685 shares during the period. Royal Bank of Canada boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 0.5% during the 1st quarter. Royal Bank of Canada now owns 298,949 shares of the company’s stock worth $27,608,000 after acquiring an additional 1,394 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 2.3% during the 3rd quarter. Raymond James Financial Inc. now owns 291,928 shares of the company’s stock worth $24,325,000 after acquiring an additional 6,610 shares during the last quarter.

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.