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

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 - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 51,303 shares traded hands during 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 Trading Down 0.3%

The firm has a market capitalization of $1.22 billion, a PE ratio of 28.68 and a beta of 1.04. The firm's fifty day moving average price is $150.20 and its 200 day moving average price is $141.38.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a $0.1122 dividend. This represents a $0.45 annualized dividend and a yield of 0.3%. 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.

Institutional Inflows and Outflows

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

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).