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

Key Points

• Unusually strong volume: About 44,351 shares traded (an 11% increase vs. the prior session) while the fund was trading around $95.42 and was reported down roughly 0.4%.
• Dividend paid: The fund recently paid a quarterly dividend of $0.3622 (ex-dividend March 26), which annualizes to $1.45 for a yield of about 1.5%.
• Institutional buying: Multiple large investors increased stakes, led by LPL Financial adding 77,963 shares to hold 1,001,829 shares (≈$86.3M), signaling institutional inflows.

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - ) shares saw unusually-strong trading volume on Friday . Approximately 44,351 shares traded hands during trading, an increase of 11% from the previous session's volume of 39,801 shares.The stock last traded at $95.4170 and had previously closed at $95.21.

First Trust Large Cap Value AlphaDEX Fund Trading Down 0.4%

The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 13.54 and a beta of 0.85. The company has a fifty day moving average price of $93.19 and a two-hundred day moving average price of $89.01.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.3622 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.45 dividend on an annualized basis and a yield of 1.5%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 8.4% in the fourth quarter. LPL Financial LLC now owns 1,001,829 shares of the company's stock valued at $86,305,000 after acquiring an additional 77,963 shares during the last quarter. Bank of America Corp DE lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 1.0% in the third quarter. Bank of America Corp DE now owns 346,204 shares of the company's stock valued at $28,848,000 after acquiring an additional 3,462 shares during the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 0.4% in the fourth quarter. Cetera Investment Advisers now owns 343,490 shares of the company's stock valued at $29,591,000 after acquiring an additional 1,238 shares during the last quarter. Royal Bank of Canada lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 9.3% in the fourth quarter. Royal Bank of Canada now owns 297,555 shares of the company's stock valued at $25,634,000 after acquiring an additional 25,195 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 2.3% in the third quarter. Raymond James Financial Inc. now owns 291,928 shares of the company's stock valued at $24,325,000 after acquiring an additional 6,610 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Company Profile

The First Trust Large Cap Value AlphaDEX Fund (FTA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Large Cap Value index. The fund selects and weights value stocks using fundamental factors including sales, book value and cash flows. FTA was launched on May 8, 2007 and is managed by First Trust.

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