First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Trading Down 0.6% - Should You Sell?

Key Points

• Shares of First Trust Large Cap Core AlphaDEX Fund (FEX) are down 0.6%, trading at $113.50 with volume significantly below average, indicating reduced investor activity.
• The fund recently cut its dividend to $0.2708 quarterly, translating to an annual yield of 1.0%, reflecting a change in its return strategy for shareholders.
• Institutional investments in FEX have seen notable increases, with firms like NewEdge Advisors LLC and Flow Traders U.S. LLC boosting their stakes significantly during the second quarter.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report)'s stock price dropped 0.6% during trading on Thursday . The company traded as low as $113.09 and last traded at $113.50. Approximately 10,004 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 30,909 shares. The stock had previously closed at $114.14.

First Trust Large Cap Core AlphaDEX Fund Trading Down 0.3%

The stock's 50-day moving average is $110.60 and its 200-day moving average is $105.61. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 17.76 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a dividend of $0.2708 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, June 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FEX. JPMorgan Chase & Co. lifted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 14.2% during the 4th quarter. JPMorgan Chase & Co. now owns 11,268 shares of the company's stock valued at $1,175,000 after acquiring an additional 1,397 shares during the period. GeoWealth Management LLC lifted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 1,040.6% during the 4th quarter. GeoWealth Management LLC now owns 3,228 shares of the company's stock valued at $337,000 after acquiring an additional 2,945 shares during the period. Susquehanna International Group LLP raised its holdings in First Trust Large Cap Core AlphaDEX Fund by 184.2% during the fourth quarter. Susquehanna International Group LLP now owns 30,458 shares of the company's stock worth $3,177,000 after buying an additional 19,740 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 6.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 11,376 shares of the company's stock valued at $1,186,000 after buying an additional 685 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the fourth quarter valued at about $816,000.

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.