First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Shares Up 0.5% – Still a Buy?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares shot up 0.5% during mid-day trading on Tuesday . The company traded as high as $184.68 and last traded at $184.40. Approximately 8,602 shares changed hands during trading, a decline of 55% from the average session volume of 18,989 shares. The stock had previously closed at $183.43.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 0.5%

The stock’s 50-day simple moving average is $183.18 and its 200-day simple moving average is $171.98. The firm has a market capitalization of $1.38 billion, a P/E ratio of 28.68 and a beta of 1.14.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.0419 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.17 annualized dividend and a dividend yield of 0.1%.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Arax Advisory Partners purchased a new position in First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter valued at about $26,000. HRT Financial LP purchased a new position in First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $202,000. Private Client Services LLC purchased a new position in First Trust Large Cap Growth AlphaDEX Fund in the second quarter valued at approximately $213,000. Northland Securities Inc. bought a new position in First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter valued at $249,000. Finally, Two Sigma Securities LLC purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund in the second quarter worth $266,000.

About First Trust Large Cap Growth AlphaDEX Fund

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.