First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Unusually-High Trading Volume – What’s Next?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw strong trading volume on Thursday . 83,595 shares were traded during mid-day trading, an increase of 134% from the previous session’s volume of 35,676 shares.The stock last traded at $121.15 and had previously closed at $127.07.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The company has a market cap of $976.73 million, a price-to-earnings ratio of 24.23 and a beta of 1.12. The company’s fifty day moving average is $135.70 and its two-hundred day moving average is $138.67.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.0428 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.17 annualized dividend and a dividend yield of 0.14%.

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

A number of institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 437,116 shares of the company’s stock valued at $60,431,000 after purchasing an additional 6,865 shares in the last quarter. Raymond James Financial Inc. purchased a new position in First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter valued at $27,798,000. Commonwealth Equity Services LLC raised its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 5.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 193,390 shares of the company’s stock worth $26,736,000 after acquiring an additional 9,562 shares during the period. Baird Financial Group Inc. boosted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 26.8% during the 4th quarter. Baird Financial Group Inc. now owns 149,647 shares of the company’s stock worth $20,689,000 after acquiring an additional 31,662 shares in the last quarter. Finally, CX Institutional grew its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 15.2% during the 4th quarter. CX Institutional now owns 58,079 shares of the company’s stock valued at $8,029,000 after acquiring an additional 7,649 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).