First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Large Volume Increase - Still a Buy?

Key Points

• The fund saw unusually strong trading volume on Monday—about 41,765 shares, a 100% increase from the prior session—trading near $123.05 (up ~0.3%).
• The fund paid a quarterly dividend on March 31 of $0.2942 (annualized $1.18), implying a 1.0% yield.
• Institutional activity was notable: Northwestern Mutual boosted its stake by 6,734.7% to 4,211,423 shares (≈$499.6M), and PNC, Truist and others also increased holdings.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - ) saw unusually-strong trading volume on Monday . Approximately 41,765 shares changed hands during mid-day trading, an increase of 100% from the previous session's volume of 20,877 shares.The stock last traded at $123.0490 and had previously closed at $122.84.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.3%

The firm has a 50-day simple moving average of $124.30 and a 200-day simple moving average of $120.29. The stock has a market cap of $1.41 billion, a PE ratio of 17.76 and a beta of 0.99.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.2942 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.18 annualized dividend and a yield of 1.0%.

Institutional Investors Weigh In On First Trust Large Cap Core AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in First Trust Large Cap Core AlphaDEX Fund by 13.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,460 shares of the company's stock valued at $410,000 after acquiring an additional 400 shares in the last quarter. Hills Bank & Trust Co purchased a new stake in First Trust Large Cap Core AlphaDEX Fund in the 4th quarter worth approximately $101,000. Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Large Cap Core AlphaDEX Fund by 6,734.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,211,423 shares of the company's stock valued at $499,559,000 after purchasing an additional 4,149,805 shares during the period. Truist Financial Corp grew its position in shares of First Trust Large Cap Core AlphaDEX Fund by 2.8% during the 4th quarter. Truist Financial Corp now owns 175,357 shares of the company's stock valued at $20,800,000 after purchasing an additional 4,826 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC grew its position in shares of First Trust Large Cap Core AlphaDEX Fund by 1.3% during the 4th quarter. AssuredPartners Investment Advisors LLC now owns 17,385 shares of the company's stock valued at $2,062,000 after purchasing an additional 219 shares in the last quarter.

First Trust Large Cap Core AlphaDEX Fund Company Profile

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. Standard & Poor's constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.

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