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

Key Points

• FEX trading activity increased notably, with 16,708 shares changing hands, although volume was 26% below the prior session. The ETF fell to $141.54 from a previous close of $142.44.
• The fund trades above both its 50-day and 200-day moving averages, at $137.60 and $131.00, respectively, with a $1.62 billion market capitalization, a 17.76 P/E ratio and a 0.94 beta.
• FEX paid a quarterly dividend of $0.2669, equivalent to an annualized $1.07 and a 0.8% yield. Several institutional investors, including Bank of America and Jones Financial, increased their holdings during recent quarters.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - ) shares saw an uptick in trading volume on Tuesday . Approximately 16,708 shares were traded during trading, a decline of 26% from the previous session's volume of 22,590 shares.The stock last traded at $141.54 and had previously closed at $142.44.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The company has a 50 day moving average of $137.60 and a 200 day moving average of $131.00. The firm has a market cap of $1.62 billion, a P/E ratio of 17.76 and a beta of 0.94.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.2669 dividend. This represents a $1.07 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FEX. Jones Financial Companies Lllp boosted its holdings in First Trust Large Cap Core AlphaDEX Fund by 9.4% in the first quarter. Jones Financial Companies Lllp now owns 4,148 shares of the company's stock worth $425,000 after purchasing an additional 356 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 27.5% during the 2nd quarter. NewEdge Advisors LLC now owns 6,284 shares of the company's stock worth $691,000 after acquiring an additional 1,355 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 4.9% during the 2nd quarter. Bank of America Corp DE now owns 226,970 shares of the company's stock worth $24,958,000 after acquiring an additional 10,567 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 4.9% during the 2nd quarter. Captrust Financial Advisors now owns 16,173 shares of the company's stock valued at $1,778,000 after acquiring an additional 751 shares during the last quarter. Finally, Advisory Services Network LLC increased its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 16.6% during the 2nd quarter. Advisory Services Network LLC now owns 6,179 shares of the company's stock valued at $691,000 after acquiring an additional 879 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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source