First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Strong Trading Volume – Should You Buy?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw unusually-strong trading volume on Tuesday . Approximately 46,457 shares were traded during trading, an increase of 86% from the previous session’s volume of 24,915 shares.The stock last traded at $129.63 and had previously closed at $128.87.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.02 billion, a PE ratio of 26.16 and a beta of 1.04. The business’s 50-day moving average price is $142.24 and its 200-day moving average price is $138.30.

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

Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 437,116 shares of the company’s stock worth $60,431,000 after purchasing an additional 6,865 shares during the period. Arkadios Wealth Advisors lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 17.3% in the fourth quarter. Arkadios Wealth Advisors now owns 5,208 shares of the company’s stock valued at $720,000 after acquiring an additional 768 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 4.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 4,363 shares of the company’s stock valued at $603,000 after acquiring an additional 200 shares during the period. Householder Group Estate & Retirement Specialist LLC lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 2.4% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 10,049 shares of the company’s stock valued at $1,389,000 after acquiring an additional 233 shares during the period. Finally, Jane Street Group LLC lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 56.5% in the third quarter. Jane Street Group LLC now owns 15,513 shares of the company’s stock valued at $2,039,000 after acquiring an additional 5,602 shares during the period.

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).