First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Strong Trading Volume – Still a Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) shares saw strong trading volume on Monday . 18,467 shares were traded during mid-day trading, a decline of 17% from the previous session’s volume of 22,251 shares.The stock last traded at $102.37 and had previously closed at $103.53.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The stock has a market cap of $1.24 billion, a P/E ratio of 17.90 and a beta of 1.06. The stock’s fifty day simple moving average is $107.11 and its 200-day simple moving average is $106.19.

First Trust Large Cap Core AlphaDEX Fund Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.4193 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC increased its holdings in First Trust Large Cap Core AlphaDEX Fund by 21.0% in the 4th quarter. LPL Financial LLC now owns 957,043 shares of the company’s stock valued at $99,815,000 after buying an additional 166,302 shares during the period. Janney Montgomery Scott LLC increased its stake in First Trust Large Cap Core AlphaDEX Fund by 1.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 509,143 shares of the company’s stock valued at $53,101,000 after acquiring an additional 6,114 shares during the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the fourth quarter valued at approximately $30,032,000. Commonwealth Equity Services LLC raised its position in First Trust Large Cap Core AlphaDEX Fund by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 208,072 shares of the company’s stock valued at $21,701,000 after purchasing an additional 1,030 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund during the fourth quarter worth $15,694,000.

About First Trust Large Cap Core AlphaDEX Fund

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.