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

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw strong trading volume on Thursday . 252,248 shares were traded during trading, an increase of 737% from the previous session’s volume of 30,132 shares.The stock last traded at $98.92 and had previously closed at $103.73.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 18.31 and a beta of 1.06. The business has a fifty day simple moving average of $105.27 and a 200 day simple moving average of $106.24.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.2989 dividend. This represents a $1.20 annualized dividend and a yield of 1.29%. The ex-dividend date was Thursday, March 27th.

Hedge Funds Weigh In On First Trust Large Cap Core AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Richmond Investment Services LLC purchased a new position in First Trust Large Cap Core AlphaDEX Fund in the 4th quarter worth approximately $427,000. Captrust Financial Advisors lifted its position in First Trust Large Cap Core AlphaDEX Fund by 252.2% during the fourth quarter. Captrust Financial Advisors now owns 15,421 shares of the company’s stock worth $1,608,000 after buying an additional 11,042 shares in the last quarter. Citadel Advisors LLC boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 35.3% during the fourth quarter. Citadel Advisors LLC now owns 16,265 shares of the company’s stock worth $1,696,000 after buying an additional 4,245 shares during the last quarter. Prosperity Consulting Group LLC increased its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 41.5% in the 4th quarter. Prosperity Consulting Group LLC now owns 10,550 shares of the company’s stock worth $1,100,000 after acquiring an additional 3,094 shares during the last quarter. Finally, Three Seasons Wealth LLC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth $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.