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

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 46,717 shares traded hands during trading, an increase of 62% from the previous session's volume of 28,753 shares.The stock last traded at $150.86 and had previously closed at $151.31.

First Trust Large Cap Growth AlphaDEX Fund Trading Down 0.8%

The company's 50-day moving average price is $144.71 and its two-hundred day moving average price is $139.50. The company has a market cap of $1.18 billion, a P/E ratio of 28.68 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a dividend of $0.1122 per share. This is a positive change from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.04. The ex-dividend date was Thursday, June 26th. This represents a $0.45 annualized dividend and a dividend yield of 0.30%.

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

Large investors have recently made changes to their positions in the business. HighTower Advisors LLC lifted its stake in First Trust Large Cap Growth AlphaDEX Fund by 1.7% during the first 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 in the last quarter. JPMorgan Chase & Co. lifted its stake in First Trust Large Cap Growth AlphaDEX Fund by 3.0% during the fourth quarter. JPMorgan Chase & Co. now owns 5,627 shares of the company's stock valued at $778,000 after buying an additional 165 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in First Trust Large Cap Growth AlphaDEX Fund by 1.6% during the first quarter. Integrated Wealth Concepts LLC now owns 10,517 shares of the company's stock valued at $1,382,000 after buying an additional 169 shares in the last quarter. Rossby Financial LCC purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the first quarter valued at about $37,000. Finally, Assetmark Inc. lifted its stake in First Trust Large Cap Growth AlphaDEX Fund by 13.2% during the first quarter. Assetmark Inc. now owns 2,859 shares of the company's stock valued at $376,000 after buying an additional 333 shares in 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).