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

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw unusually-strong trading volume on Tuesday . Approximately 24,010 shares were traded during mid-day trading, an increase of 47% from the previous session’s volume of 16,309 shares.The stock last traded at $109.37 and had previously closed at $108.56.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The stock has a market cap of $1.34 billion, a P/E ratio of 17.45 and a beta of 1.06. The business has a 50 day simple moving average of $108.01 and a 200-day simple moving average of $104.04.

First Trust Large Cap Core AlphaDEX Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors 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 Investors Weigh In On First Trust Large Cap Core AlphaDEX Fund

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its holdings in First Trust Large Cap Core AlphaDEX Fund by 10,315.2% in the 3rd quarter. International Assets Investment Management LLC now owns 178,620 shares of the company’s stock worth $18,607,000 after buying an additional 176,905 shares during the period. Kingsview Wealth Management LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the third quarter worth $10,192,000. Benjamin Edwards Inc. bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the third quarter worth $5,227,000. Sanctuary Advisors LLC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the second quarter valued at $2,675,000. Finally, Dorsey Wright & Associates bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter valued at $2,212,000.

First Trust Large Cap Core AlphaDEX Fund Company Profile

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.