First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Shares Up 0.9% - Time to Buy?

Key Points

• The First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw a slight increase, trading up 0.9% to $115.07, with a notable decline in trading volume of 48% compared to its average.
• The fund has a market cap of $1.36 billion and a P/E ratio of 17.76, indicating its valuation relative to earnings.
• In a recent announcement, the fund cut its dividend to $0.2708 per share, reflecting a annualized dividend yield of 0.9%.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) shot up 0.9% on Thursday . The stock traded as high as $115.08 and last traded at $115.07. 15,061 shares were traded during mid-day trading, a decline of 48% from the average session volume of 29,000 shares. The stock had previously closed at $114.00.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.2%

The company has a market capitalization of $1.37 billion, a P/E ratio of 17.76 and a beta of 1.06. The business has a 50 day simple moving average of $112.86 and a 200-day simple moving average of $106.35.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

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

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

Hedge funds have recently made changes to their positions in the business. LPL Financial LLC raised its stake in 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 valued at $99,709,000 after acquiring an additional 16,106 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 1.4% during the second quarter. Janney Montgomery Scott LLC now owns 523,437 shares of the company's stock valued at $57,557,000 after purchasing an additional 7,261 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in 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 purchasing an additional 8,592 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in First Trust Large Cap Core AlphaDEX Fund by 154.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 259,575 shares of the company's stock valued at $26,596,000 after buying an additional 157,452 shares in the last quarter. Finally, 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.

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.