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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw unusually-strong trading volume on Monday . Approximately 19,637 shares were traded during mid-day trading, a decline of 11% from the previous session’s volume of 22,170 shares.The stock last traded at $172.7040 and had previously closed at $171.73.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The firm has a market capitalization of $1.32 billion, a PE ratio of 28.68 and a beta of 1.14. The company’s 50 day simple moving average is $162.11 and its 200-day simple moving average is $161.68.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.0607 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.24 annualized dividend and a yield of 0.1%. This is a boost from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.03.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FTC. Win Advisors Inc. purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $14,526,000. Raymond James Financial Inc. raised its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 37.8% during the 2nd quarter. Raymond James Financial Inc. now owns 268,160 shares of the company’s stock valued at $40,484,000 after buying an additional 73,618 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 502.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 22,650 shares of the company’s stock valued at $3,419,000 after buying an additional 18,889 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter valued at $2,995,000. Finally, Stifel Financial Corp raised its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 48.3% during the 4th quarter. Stifel Financial Corp now owns 48,912 shares of the company’s stock valued at $7,821,000 after buying an additional 15,938 shares in the last quarter.

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). 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 Growth Index.