First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Shares Up 0.2% - Still a Buy?

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report) were up 0.2% on Wednesday . The stock traded as high as $80.44 and last traded at $80.30. Approximately 22,790 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 43,944 shares. The stock had previously closed at $80.10.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.2%

The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 13.54 and a beta of 0.91. The stock has a fifty day moving average price of $76.20 and a 200-day moving average price of $76.19.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a $0.3089 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.24 dividend on an annualized basis and a yield of 1.54%.

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

Several hedge funds have recently bought and sold shares of FTA. HBW Advisory Services LLC grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 4.2% during the 2nd quarter. HBW Advisory Services LLC now owns 4,621 shares of the company's stock valued at $363,000 after buying an additional 185 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 46.3% in the first quarter. Jones Financial Companies Lllp now owns 6,893 shares of the company's stock valued at $529,000 after acquiring an additional 2,180 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 0.5% during the first quarter. Integrated Wealth Concepts LLC now owns 201,320 shares of the company's stock valued at $15,445,000 after acquiring an additional 1,031 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 59.3% during the first quarter. Benjamin Edwards Inc. now owns 65,224 shares of the company's stock valued at $5,004,000 after acquiring an additional 24,281 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in First Trust Large Cap Value AlphaDEX Fund by 12.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,218 shares of the company's stock worth $861,000 after purchasing an additional 1,243 shares in 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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