First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Unusually-High Trading Volume - Here's Why

Key Points

• The First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) experienced a 71% increase in trading volume recently, with 51,303 shares traded compared to 30,011 on the previous day.
• The fund has announced a quarterly dividend increase to $0.1122 per share, up from $0.04, resulting in an annualized dividend of $0.45 and a dividend yield of 0.3%.
• Multiple hedge funds have recently acquired new positions in the fund, indicating growing institutional interest, with investments totaling as much as $133,000 from Centaurus Financial Inc.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - ) saw an uptick in trading volume on Tuesday . 51,303 shares were traded during mid-day trading, an increase of 71% from the previous session's volume of 30,011 shares.The stock last traded at $156.72 and had previously closed at $153.29.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The company has a market cap of $1.22 billion, a PE ratio of 28.68 and a beta of 1.04. The firm has a fifty day simple moving average of $149.15 and a 200 day simple moving average of $141.07.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a $0.1122 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.45 annualized dividend and a dividend yield of 0.3%. This is an increase from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.04.

Hedge Funds Weigh In On First Trust Large Cap Growth AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rossby Financial LCC acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the 1st quarter valued at approximately $37,000. BankPlus Trust Department purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the second quarter valued at $46,000. Mpwm Advisory Solutions LLC acquired a new position in First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter worth about $60,000. Hilltop National Bank acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 2nd quarter valued at about $104,000. Finally, Centaurus Financial Inc. bought a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter valued at approximately $133,000.

About First Trust Large Cap Growth AlphaDEX Fund

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.