First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Stock Price Down 1% - Time to Sell?

Key Points

• The First Trust Large Cap Growth AlphaDEX Fund (FTC) experienced a 1% decline in share price, closing at $159.69 on Thursday, with a significant drop in trading volume.
• The fund announced an increase in its quarterly dividend to $0.1324 per share, up from the previous $0.11, representing an annualized yield of 0.3%.
• Several large investors have recently boosted their holdings in FTC, with Cambridge Investment Research Advisors increasing its position by 95.1% in the first quarter.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - )'s share price traded down 1% on Thursday . The company traded as low as $159.04 and last traded at $159.69. 14,495 shares changed hands during trading, a decline of 44% from the average session volume of 25,725 shares. The stock had previously closed at $161.35.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 28.68 and a beta of 1.04. The stock's 50-day simple moving average is $158.66 and its two-hundred day simple moving average is $147.66.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a dividend of $0.1324 per share. This is an increase from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.11. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 25th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FTC. Cambridge Investment Research Advisors Inc. raised its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 95.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 229,951 shares of the company's stock valued at $30,216,000 after buying an additional 112,072 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 37.8% during the second quarter. Raymond James Financial Inc. now owns 268,160 shares of the company's stock valued at $40,484,000 after buying an additional 73,618 shares during the last quarter. Elevation Capital Advisory LLC acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the first quarter valued at about $7,501,000. RPS Advisory Solutions LLC acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the second quarter valued at about $4,184,000. Finally, Virtu Financial LLC acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the first quarter valued at about $3,061,000.

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).

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