First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Trading Up 0.5% – Time to Buy?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares were up 0.5% on Tuesday . The stock traded as high as $184.68 and last traded at $184.40. Approximately 8,602 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 18,989 shares. The stock had previously closed at $183.43.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The stock’s 50 day moving average is $183.18 and its 200 day moving average is $171.98. The company has a market capitalization of $1.38 billion, a PE ratio of 28.68 and a beta of 1.14.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.0419 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.17 annualized dividend and a dividend yield of 0.1%.

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

A number of large investors have recently modified their holdings 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 holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 37.8% in the 2nd quarter. Raymond James Financial Inc. now owns 268,160 shares of the company’s stock valued at $40,484,000 after acquiring an additional 73,618 shares in the last quarter. Ameriprise Financial Inc. boosted 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 acquiring an additional 18,889 shares during the last quarter. Prospera Financial Services Inc purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter worth about $2,995,000. Finally, Stifel Financial Corp grew its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 48.3% during the fourth quarter. Stifel Financial Corp now owns 48,912 shares of the company’s stock worth $7,821,000 after purchasing an additional 15,938 shares in the last quarter.

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.