First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Strong Trading Volume - Should You Buy?

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 117,941 shares traded hands during trading, an increase of 352% from the previous session's volume of 26,072 shares.The stock last traded at $104.84 and had previously closed at $104.07.

First Trust Large Cap Core AlphaDEX Fund Trading Up 0.2%

The stock has a 50 day simple moving average of $100.49 and a 200 day simple moving average of $104.92. The stock has a market cap of $1.27 billion, a P/E ratio of 18.17 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.2989 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Thursday, March 27th.

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

Several institutional investors and hedge funds have recently bought and sold shares of FEX. Kingswood Wealth Advisors LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth approximately $336,000. Strategic Blueprint LLC raised its position in First Trust Large Cap Core AlphaDEX Fund by 6.0% during the fourth quarter. Strategic Blueprint LLC now owns 96,675 shares of the company's stock valued at $10,083,000 after purchasing an additional 5,498 shares in the last quarter. KPP Advisory Services LLC lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 3.0% during the fourth quarter. KPP Advisory Services LLC now owns 29,502 shares of the company's stock worth $3,077,000 after purchasing an additional 847 shares during the last quarter. Rik Saylor Financial Inc. acquired a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 4th quarter valued at $1,013,000. Finally, Golden State Wealth Management LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the 4th quarter valued at $1,571,000.

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.