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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw unusually-high trading volume on Tuesday . Approximately 76,551 shares were traded during trading, an increase of 208% from the previous session’s volume of 24,871 shares.The stock last traded at $138.13 and had previously closed at $138.85.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The company has a 50-day moving average of $143.28 and a 200-day moving average of $138.01. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 27.25 and a beta of 1.04.

First Trust Large Cap Growth 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 $0.2752 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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

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

First Trust Large Cap Growth AlphaDEX Fund Company Profile

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).