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

Key Points

• Price and volume: The fund last traded at $156.70, down about 0.5% from the prior close, with mid-day volume of 20,866 shares (a 9% decline versus the previous session's 22,865).
• Dividend increase: The fund raised its quarterly dividend to $0.0607 from $0.03, equal to a $0.24 annualized payout and roughly a 0.2% yield.
• Institutional activity: Several institutions added or initiated positions in Q4 — notably NewEdge Advisors grew its stake 185.6%, while Rockefeller, Osaic Holdings, Private Advisor Group increased holdings and Zacks started a new position.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - ) saw an uptick in trading volume on Tuesday . 20,866 shares were traded during mid-day trading, a decline of 9% from the previous session's volume of 22,865 shares.The stock last traded at $156.7010 and had previously closed at $157.58.

First Trust Large Cap Growth AlphaDEX Fund Trading Down 0.5%

The firm has a market capitalization of $1.17 billion, a PE ratio of 28.68 and a beta of 1.12. The business has a 50-day moving average of $159.91 and a 200 day moving average of $160.62.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.0607 dividend. This is a boost from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.03. The ex-dividend date was Thursday, March 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. grew its stake in First Trust Large Cap Growth AlphaDEX Fund by 7.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 19,621 shares of the company's stock valued at $3,137,000 after purchasing an additional 1,318 shares during the period. NewEdge Advisors LLC grew its stake in First Trust Large Cap Growth AlphaDEX Fund by 185.6% in the 4th quarter. NewEdge Advisors LLC now owns 11,334 shares of the company's stock valued at $1,812,000 after purchasing an additional 7,366 shares during the period. Zacks Investment Management bought a new position in First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at $338,000. Osaic Holdings Inc. grew its stake in First Trust Large Cap Growth AlphaDEX Fund by 9.7% in the 4th quarter. Osaic Holdings Inc. now owns 40,021 shares of the company's stock valued at $6,400,000 after purchasing an additional 3,551 shares during the period. Finally, Private Advisor Group LLC grew its stake in First Trust Large Cap Growth AlphaDEX Fund by 4.2% in the 4th quarter. Private Advisor Group LLC now owns 21,647 shares of the company's stock valued at $3,461,000 after purchasing an additional 868 shares during the period.

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). 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 Growth Index.

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