First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Trading Down 1.1% - What's Next?

Key Points

• First Trust Large Cap Core AlphaDEX Fund's share price fell 1.1% to $115.04, with trading volume down by 38% from its average.
• The fund increased its quarterly dividend to $0.3238 per share, representing an annual yield of 1.1%, up from the previous $0.27.
• Institutional investors have significantly increased their stakes in the fund, including Cambridge Investment Research Advisors with a 154.2% increase in shares held.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - )'s share price dropped 1.1% on Thursday . The stock traded as low as $114.76 and last traded at $115.04. Approximately 17,022 shares were traded during trading, a decline of 38% from the average daily volume of 27,251 shares. The stock had previously closed at $116.36.

First Trust Large Cap Core AlphaDEX Fund Trading Down 1.1%

The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 17.76 and a beta of 1.06. The firm's 50 day moving average price is $115.37 and its two-hundred day moving average price is $108.69.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.3238 per share. The ex-dividend date was Thursday, September 25th. This represents a $1.30 annualized dividend and a dividend yield of 1.1%. This is a boost from First Trust Large Cap Core AlphaDEX Fund's previous quarterly dividend of $0.27.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FEX. Cambridge Investment Research Advisors Inc. increased its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 154.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 259,575 shares of the company's stock worth $26,596,000 after purchasing an additional 157,452 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 1,444.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 68,853 shares of the company's stock worth $7,055,000 after buying an additional 64,394 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 1st quarter worth about $3,326,000. PKS Advisory Services LLC boosted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 430.8% during the 1st quarter. PKS Advisory Services LLC now owns 36,325 shares of the company's stock worth $3,722,000 after buying an additional 29,481 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 24.3% during the 2nd quarter. Cetera Investment Advisers now owns 109,398 shares of the company's stock worth $12,029,000 after buying an additional 21,365 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.

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