First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Large Volume Increase – What’s Next?

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw unusually-strong trading volume on Monday. 42,166 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 35,974 shares. The stock last traded at $104.5760 and had previously closed at $103.98.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.7%

The company has a market cap of $1.47 billion, a PE ratio of 13.54 and a beta of 0.80. The business’s fifty day moving average is $100.23 and its 200-day moving average is $96.46.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.5259 dividend. The ex-dividend date was Thursday, September 24th. This is a boost from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3389. This represents a $2.10 annualized dividend and a yield of 2.0%.

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

A number of hedge funds have recently modified their holdings of FTA. Tucker Asset Management LLC increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 7.0% in the 3rd quarter. Tucker Asset Management LLC now owns 2,743 shares of the company’s stock worth $261,000 after purchasing an additional 179 shares in the last quarter. Allworth Financial LP lifted its position in First Trust Large Cap Value AlphaDEX Fund by 2.1% during the second quarter. Allworth Financial LP now owns 8,827 shares of the company’s stock valued at $854,000 after purchasing an additional 180 shares in the last quarter. Sanctuary Advisors LLC lifted its position in First Trust Large Cap Value AlphaDEX Fund by 1.1% during the first quarter. Sanctuary Advisors LLC now owns 19,279 shares of the company’s stock valued at $1,780,000 after purchasing an additional 212 shares in the last quarter. Waverly Advisors LLC grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 1.6% during the second quarter. Waverly Advisors LLC now owns 14,297 shares of the company’s stock valued at $1,384,000 after purchasing an additional 220 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 11.0% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,449 shares of the company’s stock valued at $233,000 after purchasing an additional 242 shares during the period.

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.