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

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw strong trading volume on Tuesday . 20,866 shares traded hands during mid-day trading, a decline of 9% from the previous session’s volume of 22,865 shares.The stock last traded at $156.7010 and had previously closed at $157.58.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The stock has a market cap of $1.17 billion, a P/E ratio of 28.68 and a beta of 1.12. The business has a 50 day simple moving average of $159.91 and a 200-day simple moving average of $160.62.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.0607 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, March 26th. This is a positive change from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FTC. Win Advisors Inc. bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth $14,526,000. Raymond James Financial Inc. grew its stake 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 worth $40,484,000 after acquiring an additional 73,618 shares during the period. Ameriprise Financial Inc. grew its stake 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 worth $3,419,000 after acquiring an additional 18,889 shares during the period. Prospera Financial Services Inc bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth $2,995,000. Finally, Stifel Financial Corp grew its stake 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 worth $7,821,000 after acquiring an additional 15,938 shares during the period.

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). 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.