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

Key Points

• The First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) experienced a significant increase in trading volume, with around 60,361 shares traded, marking a 110% rise from the previous day.
• Recently, the fund announced a quarterly dividend of $0.2708 per share, translating to an annualized dividend yield of 0.9%.
• Several institutional investors, including Hantz Financial Services and Bessemer Group Inc., have recently acquired new positions in the fund, indicating growing interest among hedge funds.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - ) saw unusually-high trading volume on Tuesday . Approximately 60,361 shares changed hands during trading, an increase of 110% from the previous session's volume of 28,793 shares.The stock last traded at $115.19 and had previously closed at $115.32.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.1%

The business has a 50 day simple moving average of $112.67 and a 200 day simple moving average of $106.22. The company has a market capitalization of $1.37 billion, a PE ratio of 17.76 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a $0.2708 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, June 26th.

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

A number of institutional investors have recently added to or reduced their stakes in FEX. Hantz Financial Services Inc. acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter worth $34,000. Millstone Evans Group LLC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the 1st quarter worth $42,000. IFG Advisory LLC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the second quarter worth about $207,000. Bessemer Group Inc. purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the second quarter worth about $218,000. Finally, Winebrenner Capital Management LLC acquired a new position in First Trust Large Cap Core AlphaDEX Fund in the second quarter worth about $238,000.

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.

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