First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Strong Trading Volume After Dividend Announcement

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw an uptick in trading volume on Wednesday following a dividend announcement from the company. Approximately 83,182 shares were traded during trading, an increase of 146% from the previous session’s volume of 33,792 shares. The stock last traded at $98.10 and had previously closed at $98.26.

The newly announced dividend which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be given a $0.5259 dividend. This is an increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3389. This represents a $2.10 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, September 24th.

First Trust Large Cap Value AlphaDEX Fund Stock Down 1.0%

The company has a 50 day simple moving average of $101.64 and a two-hundred day simple moving average of $97.08. The company has a market capitalization of $1.33 billion, a P/E ratio of 13.54 and a beta of 0.79.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 57.1% in the 1st quarter. NewEdge Advisors LLC now owns 156,182 shares of the company’s stock worth $14,423,000 after purchasing an additional 56,797 shares during the period. Bank of America Corp DE lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 12.8% during the first quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock worth $36,137,000 after buying an additional 44,259 shares during the period. Gateway Wealth Partners LLC lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 104.5% during the first quarter. Gateway Wealth Partners LLC now owns 69,377 shares of the company’s stock worth $6,407,000 after buying an additional 35,449 shares during the period. RFG Advisory LLC boosted its position in First Trust Large Cap Value AlphaDEX Fund by 393.5% during the 1st quarter. RFG Advisory LLC now owns 21,572 shares of the company’s stock valued at $1,992,000 after acquiring an additional 17,201 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 558.1% in the 1st quarter. Parallel Advisors LLC now owns 14,879 shares of the company’s stock valued at $1,374,000 after acquiring an additional 12,618 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Company Profile

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.