First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Shares Up 0.1% - What's Next?

Key Points

• The share price of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) increased by 0.1%, trading at $154.60, with a significant decline in trading volume.
• The fund announced a quarterly dividend of $0.1122 per share, an increase from the previous dividend of $0.04, resulting in an annualized yield of 0.3%.
• Institutional investors have shown noticeable activity, with significant increases in stakes by firms like NBC Securities Inc. and Flagstar Advisors Inc. during the first quarter.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report) shares rose 0.1% on Wednesday . The stock traded as high as $154.60 and last traded at $154.60. Approximately 8,672 shares traded hands during trading, a decline of 70% from the average daily volume of 28,759 shares. The stock had previously closed at $154.52.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The firm has a market capitalization of $1.23 billion, a P/E ratio of 28.68 and a beta of 1.04. The firm has a 50 day moving average price of $152.76 and a two-hundred day moving average price of $142.19.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.1122 per share. 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 a boost from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.04.

Institutional Investors Weigh In On First Trust Large Cap Growth AlphaDEX Fund

Several large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 447,862 shares of the company's stock worth $58,849,000 after acquiring an additional 10,746 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 37.8% during the 2nd quarter. Raymond James Financial Inc. now owns 268,160 shares of the company's stock worth $40,484,000 after acquiring an additional 73,618 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 95.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 229,951 shares of the company's stock worth $30,216,000 after acquiring an additional 112,072 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 6.1% in the first quarter. Baird Financial Group Inc. now owns 158,701 shares of the company's stock valued at $20,853,000 after purchasing an additional 9,054 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.8% in the second quarter. Bank of America Corp DE now owns 154,077 shares of the company's stock valued at $23,261,000 after purchasing an additional 4,127 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).