First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Large Volume Increase - Here's What Happened

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) saw an uptick in trading volume on Monday . 61,216 shares traded hands during mid-day trading, an increase of 149% from the previous session's volume of 24,609 shares.The stock last traded at $102.12 and had previously closed at $101.98.

First Trust Large Cap Core AlphaDEX Fund Trading Up 1.6 %

The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 16.88 and a beta of 1.06. The stock has a 50-day moving average price of $99.77 and a 200 day moving average price of $105.03.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.2989 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.20 annualized dividend and a dividend yield of 1.16%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in FEX. JPMorgan Chase & Co. raised its position in shares of First Trust Large Cap Core AlphaDEX Fund by 16.4% in the third quarter. JPMorgan Chase & Co. now owns 9,871 shares of the company's stock valued at $1,028,000 after buying an additional 1,391 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 6.2% in the fourth quarter. Merit Financial Group LLC now owns 3,295 shares of the company's stock valued at $344,000 after purchasing an additional 193 shares during the last quarter. Arkadios Wealth Advisors lifted its position in First Trust Large Cap Core AlphaDEX Fund by 109.9% during the fourth quarter. Arkadios Wealth Advisors now owns 13,722 shares of the company's stock worth $1,431,000 after buying an additional 7,186 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 65.8% during the fourth quarter. Ameritas Advisory Services LLC now owns 9,840 shares of the company's stock worth $1,026,000 after buying an additional 3,905 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in First Trust Large Cap Core AlphaDEX Fund by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 509,143 shares of the company's stock valued at $53,101,000 after buying an additional 6,114 shares in the last quarter.

About First Trust Large Cap Core AlphaDEX Fund

First Trust Large Cap Core AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Core 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 Index.