First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Trading Down 0.8% - What's Next?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report) shares fell 0.8% on Thursday . The company traded as low as $80.71 and last traded at $80.82. 133,730 shares were traded during mid-day trading, an increase of 208% from the average session volume of 43,447 shares. The stock had previously closed at $81.47.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 13.54 and a beta of 1.11. The business has a fifty day moving average of $78.04 and a two-hundred day moving average of $76.59.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a dividend of $0.3089 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.24 dividend on an annualized basis and a yield of 1.52%.

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

Several institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 1.9% during the 1st quarter. LPL Financial LLC now owns 864,647 shares of the company's stock valued at $66,336,000 after buying an additional 15,758 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the 4th quarter valued at approximately $34,542,000. Envestnet Asset Management Inc. lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 1.2% during the first quarter. Envestnet Asset Management Inc. now owns 421,855 shares of the company's stock worth $32,365,000 after purchasing an additional 4,820 shares during the last quarter. IHT Wealth Management LLC grew its stake in First Trust Large Cap Value AlphaDEX Fund by 457.6% during the 4th quarter. IHT Wealth Management LLC now owns 301,256 shares of the company's stock worth $23,034,000 after buying an additional 247,227 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 3.5% in the first quarter. Cetera Investment Advisers now owns 299,756 shares of the company's stock valued at $22,997,000 after buying an additional 10,043 shares during the last quarter.

About First Trust Large Cap Value AlphaDEX Fund

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.