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

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 46,717 shares traded hands during mid-day 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 Stock Performance

The business has a 50-day moving average price of $144.43 and a 200 day moving average price of $139.45. The stock has a market capitalization 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 business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a $0.1122 dividend. This is a boost from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.04. This represents a $0.45 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Thursday, June 26th.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in FTC. Wealth Enhancement Advisory Services LLC raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 24.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,144 shares of the company's stock valued at $477,000 after buying an additional 619 shares during the last quarter. NBC Securities Inc. raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 33.7% during the 2nd quarter. NBC Securities Inc. now owns 13,863 shares of the company's stock valued at $2,092,000 after buying an additional 3,493 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 1.6% during the 1st 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 during the last quarter. Baird Financial Group Inc. raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 6.1% during the 1st quarter. Baird Financial Group Inc. now owns 158,701 shares of the company's stock valued at $20,853,000 after buying an additional 9,054 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 4.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 31,681 shares of the company's stock valued at $4,163,000 after buying an additional 1,407 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).