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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw unusually-high trading volume on Monday . Approximately 35,491 shares changed hands during mid-day trading, a decline of 0% from the previous session’s volume of 35,502 shares.The stock last traded at $97.7050 and had previously closed at $97.02.

First Trust Large Cap Value AlphaDEX Fund Trading Down 0.8%

The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 13.54 and a beta of 0.79. The firm’s 50 day simple moving average is $95.08 and its 200-day simple moving average is $92.41.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

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

Institutional Investors Weigh In On First Trust Large Cap Value AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the company. Main Street Group LTD purchased a new stake in First Trust Large Cap Value AlphaDEX Fund in the 1st quarter valued at approximately $33,000. Cullen Frost Bankers Inc. raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 51.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock worth $39,000 after buying an additional 154 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 282.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock worth $49,000 after buying an additional 415 shares in the last quarter. Smithfield Trust Co lifted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 20.0% in the 4th quarter. Smithfield Trust Co now owns 720 shares of the company’s stock valued at $62,000 after buying an additional 120 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the 4th quarter valued at approximately $63,000.

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.