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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw strong trading volume on Wednesday . 258,509 shares changed hands during trading, an increase of 476% from the previous session’s volume of 44,893 shares.The stock last traded at $81.42 and had previously closed at $81.16.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The company has a market capitalization of $1.25 billion, a PE ratio of 14.55 and a beta of 1.11. The firm has a fifty day simple moving average of $78.95 and a 200-day simple moving average of $76.42.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.453 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.33. This represents a $1.81 annualized dividend and a yield of 2.24%.

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

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 7,813.5% in the third quarter. International Assets Investment Management LLC now owns 264,785 shares of the company’s stock worth $20,952,000 after purchasing an additional 261,439 shares during the period. Cetera Investment Advisers grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 145.7% during the 1st quarter. Cetera Investment Advisers now owns 297,979 shares of the company’s stock valued at $22,760,000 after buying an additional 176,714 shares during the last quarter. Kaydan Wealth Management Inc. grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 31.9% during the 2nd quarter. Kaydan Wealth Management Inc. now owns 379,160 shares of the company’s stock valued at $27,906,000 after buying an additional 91,805 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in First Trust Large Cap Value AlphaDEX Fund in the first quarter worth about $6,780,000. Finally, Cetera Advisors LLC boosted its stake in First Trust Large Cap Value AlphaDEX Fund by 122.1% in the first quarter. Cetera Advisors LLC now owns 83,499 shares of the company’s stock valued at $6,378,000 after acquiring an additional 45,908 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.