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

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 - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 60,361 shares were traded during mid-day 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 Price Performance

The company has a market cap of $1.38 billion, a price-to-earnings ratio of 17.76 and a beta of 1.06. The business has a 50 day simple moving average of $113.07 and a 200 day simple moving average of $106.49.

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 dividend of $0.2708 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.9%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC boosted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 35.3% during the fourth quarter. Citadel Advisors LLC now owns 16,265 shares of the company's stock worth $1,696,000 after buying an additional 4,245 shares during the period. Richmond Investment Services LLC acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the fourth quarter worth about $427,000. NBC Securities Inc. boosted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 143,700.0% during the first quarter. NBC Securities Inc. now owns 2,876 shares of the company's stock worth $294,000 after buying an additional 2,874 shares during the period. Wedmont Private Capital acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the first quarter worth about $1,118,000. Finally, Janney Montgomery Scott LLC boosted its position in First Trust Large Cap Core AlphaDEX Fund by 1.4% during the first quarter. Janney Montgomery Scott LLC now owns 516,176 shares of the company's stock valued at $52,887,000 after purchasing an additional 7,033 shares during 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.