First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Large Volume Increase – Here’s Why

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) shares saw strong trading volume on Wednesday . 45,010 shares changed hands during trading, an increase of 99% from the previous session’s volume of 22,635 shares.The stock last traded at $127.4750 and had previously closed at $126.85.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.5%

The company has a market cap of $1.46 billion, a PE ratio of 17.76 and a beta of 0.99. The business has a 50-day simple moving average of $121.52 and a 200-day simple moving average of $117.53.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.4092 per share. The ex-dividend date was Friday, December 12th. This represents a $1.64 annualized dividend and a dividend yield of 1.3%. This is a boost from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.32.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 6,734.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,211,423 shares of the company’s stock worth $499,559,000 after purchasing an additional 4,149,805 shares in the last quarter. BIP Wealth LLC purchased a new stake in First Trust Large Cap Core AlphaDEX Fund during the fourth quarter worth about $15,743,000. Strategic Blueprint LLC lifted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 26.1% during the third quarter. Strategic Blueprint LLC now owns 130,323 shares of the company’s stock worth $15,224,000 after purchasing an additional 26,959 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 24.3% in the second quarter. Cetera Investment Advisers now owns 109,398 shares of the company’s stock valued at $12,029,000 after purchasing an additional 21,365 shares during the period. Finally, Flow Traders U.S. LLC grew its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 57.8% in the second quarter. Flow Traders U.S. LLC now owns 51,239 shares of the company’s stock valued at $5,634,000 after purchasing an additional 18,777 shares in the last quarter.

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.