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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares saw unusually-strong trading volume on Thursday . Approximately 83,595 shares traded hands during 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 Trading Up 1.6 %

The business has a 50-day moving average price of $135.70 and a 200-day moving average price of $138.67. The stock has a market cap of $976.73 million, a PE ratio of 24.23 and a beta of 1.12.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

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

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

Several large investors have recently bought and sold shares of FTC. Moloney Securities Asset Management LLC grew its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 4.5% in the fourth quarter. Moloney Securities Asset Management LLC now owns 2,444 shares of the company’s stock valued at $338,000 after purchasing an additional 105 shares in the last quarter. Spirit of America Management Corp NY grew its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 9.6% in the fourth quarter. Spirit of America Management Corp NY now owns 1,339 shares of the company’s stock valued at $185,000 after purchasing an additional 117 shares during the period. JPMorgan Chase & Co. increased its position in First Trust Large Cap Growth AlphaDEX Fund by 3.0% during the fourth quarter. JPMorgan Chase & Co. now owns 5,627 shares of the company’s stock worth $778,000 after purchasing an additional 165 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 5.9% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 3,406 shares of the company’s stock worth $471,000 after purchasing an additional 191 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 4.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 4,363 shares of the company’s stock valued at $603,000 after purchasing an additional 200 shares during the last quarter.

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).