First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Trading 0.5% Higher - Here's Why

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) traded up 0.5% during trading on Thursday . The stock traded as high as $111.63 and last traded at $111.52. 6,781 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 27,965 shares. The stock had previously closed at $111.02.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The company has a market cap of $1.33 billion, a PE ratio of 17.76 and a beta of 1.06. The stock's 50-day simple moving average is $105.73 and its 200 day simple moving average is $104.46.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid 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 0.97%.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 1.7% during the 1st quarter. LPL Financial LLC now owns 973,149 shares of the company's stock worth $99,709,000 after purchasing an additional 16,106 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 1.4% in the first quarter. Janney Montgomery Scott LLC now owns 516,176 shares of the company's stock worth $52,887,000 after acquiring an additional 7,033 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 3.0% in the first quarter. Raymond James Financial Inc. now owns 296,546 shares of the company's stock worth $30,384,000 after acquiring an additional 8,592 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 154.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 259,575 shares of the company's stock worth $26,596,000 after acquiring an additional 157,452 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 3.1% in the first quarter. Commonwealth Equity Services LLC now owns 214,492 shares of the company's stock worth $21,977,000 after acquiring an additional 6,420 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.