First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Strong Trading Volume - Time to Buy?

Key Points

• The First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw a trading volume of 21,485 shares recently, which is 30% lower than the previous session's volume.
• The stock price increased by 0.8%, closing at $155.40, up from a previous close of $154.00.
• First Trust recently announced a quarterly dividend of $0.1122, marking an increase from the previous dividend of $0.04, which represents a 0.29% yield.
• Institutional investors have been actively adjusting their positions, with notable increases from G&S Capital and JPMorgan Chase, among others, indicating strong institutional interest in the fund.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 21,485 shares traded hands during mid-day trading, a decline of 30% from the previous session's volume of 30,718 shares.The stock last traded at $155.40 and had previously closed at $154.00.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 28.68 and a beta of 1.04. The stock has a fifty day simple moving average of $147.77 and a 200-day simple moving average of $140.55.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a $0.1122 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This is an increase from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.04. This represents a $0.45 dividend on an annualized basis and a yield of 0.29%.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several large investors have recently made changes to their positions in FTC. Cushing Capital Partners LLC purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 2nd quarter worth $205,000. Harbour Investments Inc. boosted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 28.6% during the 2nd quarter. Harbour Investments Inc. now owns 29,260 shares of the company's stock valued at $4,417,000 after acquiring an additional 6,515 shares during the period. IFP Advisors Inc raised its position in First Trust Large Cap Growth AlphaDEX Fund by 1.4% in the 2nd quarter. IFP Advisors Inc now owns 21,162 shares of the company's stock valued at $3,195,000 after purchasing an additional 302 shares in the last quarter. US Bancorp DE raised its position in First Trust Large Cap Growth AlphaDEX Fund by 2.2% in the 2nd quarter. US Bancorp DE now owns 3,729 shares of the company's stock valued at $563,000 after purchasing an additional 80 shares in the last quarter. Finally, RiverTree Advisors LLC acquired a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 2nd quarter valued at about $2,448,000.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

First Trust Large Cap Growth AlphaDEX Fund (the Fund), formerly First Trust Large Cap Growth Opportunities AlphaDEX Fund, is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Growth Index (the Index).