First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Large Volume Increase – Time to Buy?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares saw strong trading volume on Wednesday . 14,268 shares were traded during trading, an increase of 88% from the previous session’s volume of 7,574 shares.The stock last traded at $165.1290 and had previously closed at $166.21.

First Trust Large Cap Growth AlphaDEX Fund Trading Down 0.5%

The company has a market cap of $1.30 billion, a price-to-earnings ratio of 28.68 and a beta of 1.12. The firm has a 50-day moving average price of $159.94 and a 200 day moving average price of $157.76.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.0326 per share. The ex-dividend date was Friday, December 12th. This represents a $0.13 annualized dividend and a yield of 0.1%.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of FTC. Raymond James Financial Inc. grew its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 37.8% during the second quarter. Raymond James Financial Inc. now owns 268,160 shares of the company’s stock valued at $40,484,000 after purchasing an additional 73,618 shares during the last quarter. RPS Advisory Solutions LLC acquired a new stake in First Trust Large Cap Growth AlphaDEX Fund in the second quarter worth $4,184,000. CX Institutional increased its position in First Trust Large Cap Growth AlphaDEX Fund by 22.4% in the second quarter. CX Institutional now owns 114,984 shares of the company’s stock worth $17,359,000 after buying an additional 21,013 shares during the period. Ameriprise Financial Inc. lifted its stake in First Trust Large Cap Growth AlphaDEX Fund by 502.2% in the second quarter. Ameriprise Financial Inc. now owns 22,650 shares of the company’s stock valued at $3,419,000 after buying an additional 18,889 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. boosted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 79.4% during the second quarter. Vestmark Advisory Solutions Inc. now owns 38,022 shares of the company’s stock valued at $5,740,000 after acquiring an additional 16,829 shares during the period.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

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.