First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Shares Up 0.6% - Here's What Happened

Key Points

• Shares rose 0.6% mid-day to about $122.32 (high $122.84) on light volume of ~17,586 shares, roughly 20% below the average daily volume.
• Northwestern Mutual massively increased its stake in Q4, buying 4,149,805 additional shares (a 6,734.7% increase) to own 4,211,423 shares valued at about $499.6 million.
• FEX is an ETF that tracks the Defined Large Cap Core Index using S&P's AlphaDEX stock-selection methodology; the fund has a market cap of $1.40 billion and a P/E of 17.76.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - ) rose 0.6% during mid-day trading on Tuesday . The stock traded as high as $122.84 and last traded at $122.3190. Approximately 17,586 shares changed hands during trading, a decline of 20% from the average daily volume of 22,018 shares. The stock had previously closed at $121.60.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The firm has a market capitalization of $1.40 billion, a P/E ratio of 17.76 and a beta of 0.99. The business has a fifty day moving average of $124.51 and a 200-day moving average of $119.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 6,734.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,211,423 shares of the company's stock valued at $499,559,000 after purchasing an additional 4,149,805 shares during the period. Bank of America Corp DE grew its position in First Trust Large Cap Core AlphaDEX Fund by 0.8% in the 3rd quarter. Bank of America Corp DE now owns 228,883 shares of the company's stock valued at $26,738,000 after buying an additional 1,913 shares in the last quarter. Osaic Holdings Inc. increased its stake in First Trust Large Cap Core AlphaDEX Fund by 3.6% during the 2nd quarter. Osaic Holdings Inc. now owns 227,585 shares of the company's stock valued at $25,029,000 after buying an additional 7,902 shares during the period. Royal Bank of Canada increased its stake in First Trust Large Cap Core AlphaDEX Fund by 31.5% during the 4th quarter. Royal Bank of Canada now owns 225,417 shares of the company's stock valued at $26,738,000 after buying an additional 53,976 shares during the period. Finally, UBS Group AG increased its stake in First Trust Large Cap Core AlphaDEX Fund by 3.2% during the 3rd quarter. UBS Group AG now owns 203,482 shares of the company's stock valued at $23,771,000 after buying an additional 6,315 shares during the period.

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. 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.

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