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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) shares saw unusually-strong trading volume on Tuesday . 44,764 shares changed hands during trading, an increase of 30% from the previous session’s volume of 34,490 shares.The stock last traded at $102.8450 and had previously closed at $102.57.

First Trust Large Cap Value AlphaDEX Fund Trading Down 0.2%

The stock has a market capitalization of $1.41 billion, a P/E ratio of 13.54 and a beta of 0.79. The business has a 50-day moving average price of $100.61 and a two-hundred day moving average price of $96.28.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.3389 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.36 annualized dividend and a dividend yield of 1.3%.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FTA. Eastern Bank bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the second quarter worth about $32,000. Main Street Group LTD acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the first quarter valued at approximately $33,000. Cullen Frost Bankers Inc. grew its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 51.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock worth $39,000 after buying an additional 154 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 282.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock valued at $49,000 after acquiring an additional 415 shares during the last quarter. Finally, Smithfield Trust Co boosted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 20.0% during the 4th quarter. Smithfield Trust Co now owns 720 shares of the company’s stock valued at $62,000 after acquiring an additional 120 shares in the last quarter.

About First Trust Large Cap Value AlphaDEX Fund

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.