First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw unusually-high trading volume on Monday . 35,491 shares changed hands during mid-day trading, a decline of 0% from the previous session’s volume of 35,502 shares.The stock last traded at $97.7050 and had previously closed at $97.02.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The firm has a market cap of $1.33 billion, a PE ratio of 13.54 and a beta of 0.79. The company’s 50-day simple moving average is $94.98 and its two-hundred day simple moving average is $92.25.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.3389 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, June 25th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FTA. LPL Financial LLC grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 8.4% in the 4th quarter. LPL Financial LLC now owns 1,001,829 shares of the company’s stock worth $86,305,000 after buying an additional 77,963 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 257.5% in the fourth quarter. NewEdge Advisors LLC now owns 99,385 shares of the company’s stock valued at $8,562,000 after acquiring an additional 71,586 shares in the last quarter. Bank of America Corp DE increased its position in First Trust Large Cap Value AlphaDEX Fund by 12.8% during the 1st quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock valued at $36,137,000 after purchasing an additional 44,259 shares during the period. Gateway Wealth Partners LLC increased its position in First Trust Large Cap Value AlphaDEX Fund by 104.5% during the 1st quarter. Gateway Wealth Partners LLC now owns 69,377 shares of the company’s stock valued at $6,407,000 after purchasing an additional 35,449 shares during the period. Finally, Royal Bank of Canada raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 9.3% in the 4th quarter. Royal Bank of Canada now owns 297,555 shares of the company’s stock worth $25,634,000 after purchasing an additional 25,195 shares in the last quarter.

About First Trust Large Cap Value AlphaDEX Fund

The First Trust Large Cap Value AlphaDEX Fund (FTA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Large Cap Value index. The fund selects and weights value stocks using fundamental factors including sales, book value and cash flows. FTA was launched on May 8, 2007 and is managed by First Trust.