First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Unusually-High Trading Volume - Here's Why

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) saw an uptick in trading volume on Thursday . 111,106 shares were traded during trading, an increase of 319% from the previous session's volume of 26,525 shares.The stock last traded at $106.19 and had previously closed at $106.21.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The stock's 50 day simple moving average is $100.84 and its 200 day simple moving average is $104.76. The firm has a market cap of $1.30 billion, a PE ratio of 18.17 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors 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 yield of 1.12%.

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

Several institutional investors have recently modified their holdings of FEX. Independent Wealth Network Inc. boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 2.5% in the first quarter. Independent Wealth Network Inc. now owns 5,679 shares of the company's stock worth $582,000 after buying an additional 139 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 0.6% in the 4th quarter. D.A. Davidson & CO. now owns 27,479 shares of the company's stock worth $2,866,000 after acquiring an additional 154 shares during the last quarter. Comerica Bank boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 1.3% in the 1st quarter. Comerica Bank now owns 12,913 shares of the company's stock valued at $1,323,000 after purchasing an additional 162 shares in the last quarter. Allworth Financial LP grew its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 4.8% during the 1st quarter. Allworth Financial LP now owns 3,787 shares of the company's stock valued at $377,000 after purchasing an additional 174 shares during the last quarter. Finally, Insigneo Advisory Services LLC grew its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 4.9% during the 4th quarter. Insigneo Advisory Services LLC now owns 4,300 shares of the company's stock valued at $448,000 after purchasing an additional 200 shares during 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.