First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Large Volume Increase - Here's What Happened

Key Points

• The First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) experienced a significant 16% increase in trading volume, with 32,737 shares traded recently, although the stock price saw a slight decline of 0.96% to $155.18.
• The fund announced an increase in its quarterly dividend to $0.1122 per share, reflecting a positive change from the previous dividend of $0.04, resulting in a 0.3% dividend yield.
• Several institutional investors, including Asset Dedication LLC and Geneos Wealth Management Inc., have significantly boosted their positions in the fund during the second quarter, indicating growing confidence among large investors.

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 32,737 shares traded hands during trading, an increase of 16% from the previous session's volume of 28,192 shares.The stock last traded at $155.18 and had previously closed at $156.70.

First Trust Large Cap Growth AlphaDEX Fund Stock Down 0.3%

The company's fifty day moving average price is $154.33 and its 200-day moving average price is $142.66. The stock has a market capitalization of $1.23 billion, a PE ratio of 28.68 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business 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 $0.1122 per share. The ex-dividend date was Thursday, June 26th. This represents a $0.45 annualized dividend and a yield of 0.3%. This is an increase from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.04.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. G&S Capital LLC lifted its position in First Trust Large Cap Growth AlphaDEX Fund by 1.0% during the second quarter. G&S Capital LLC now owns 7,161 shares of the company's stock valued at $1,081,000 after purchasing an additional 71 shares during the period. US Bancorp DE raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 2.2% during the 2nd quarter. US Bancorp DE now owns 3,729 shares of the company's stock valued at $563,000 after buying an additional 80 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.7% during the 1st quarter. HighTower Advisors LLC now owns 8,886 shares of the company's stock valued at $1,168,000 after buying an additional 150 shares during the period. Integrated Wealth Concepts LLC boosted its position in First Trust Large Cap Growth AlphaDEX Fund by 1.6% in the first quarter. Integrated Wealth Concepts LLC now owns 10,517 shares of the company's stock worth $1,382,000 after purchasing an additional 169 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 0.5% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,381 shares of the company's stock worth $6,247,000 after buying an additional 211 shares during the last quarter.

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).