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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw unusually-strong trading volume on Friday . Approximately 80,685 shares traded hands during trading, an increase of 185% from the previous session’s volume of 28,279 shares.The stock last traded at $144.54 and had previously closed at $144.38.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The firm has a market cap of $1.17 billion, a P/E ratio of 21.72 and a beta of 1.04. The firm’s fifty day moving average price is $139.99 and its 200 day moving average price is $129.44.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.0999 dividend. This is an increase from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, September 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.28%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC increased its position in First Trust Large Cap Growth AlphaDEX Fund by 12,202.4% during the third quarter. International Assets Investment Management LLC now owns 521,991 shares of the company’s stock worth $68,610,000 after purchasing an additional 517,748 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in First Trust Large Cap Growth AlphaDEX Fund in the third quarter valued at $56,552,000. Benjamin Edwards Inc. boosted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 4,103.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 46,618 shares of the company’s stock valued at $6,130,000 after purchasing an additional 45,509 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 161.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 50,302 shares of the company’s stock worth $6,163,000 after purchasing an additional 31,028 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 2nd quarter worth $2,758,000.

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).