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

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw unusually-strong trading volume on Tuesday . Approximately 117,941 shares were traded during trading, an increase of 352% from the previous session’s volume of 26,072 shares.The stock last traded at $104.84 and had previously closed at $104.07.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The company has a market cap of $1.28 billion, a P/E ratio of 18.17 and a beta of 1.06. The company’s 50-day moving average is $100.38 and its two-hundred day moving average is $104.96.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.2989 per share. This represents a $1.20 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, March 27th.

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

Several institutional investors have recently modified their holdings of the stock. Hurley Capital LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth approximately $34,000. Millstone Evans Group LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 1st quarter worth $42,000. Ignite Planners LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the first quarter valued at about $241,000. NBC Securities Inc. lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 143,700.0% in the first quarter. NBC Securities Inc. now owns 2,876 shares of the company’s stock worth $294,000 after acquiring an additional 2,874 shares during the period. Finally, Three Seasons Wealth LLC bought a new position in First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth about $300,000.

About First Trust Large Cap Core AlphaDEX Fund

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.