First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Stock Price Down 0.4% - Should You Sell?

Key Points

• First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) shares fell by 0.4% to $83.12, with trading volume significantly down at approximately 13,474 shares compared to the average of 38,586 shares.
• The fund recently increased its quarterly dividend to $0.4007 per share, translating to an annualized yield of 1.9%.
• Several institutional investors have aggressively increased their holdings, including Farther Finance Advisors LLC, which grew its position by 447.1% in the last quarter.

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - ) were down 0.4% on Wednesday . The stock traded as low as $82.98 and last traded at $83.12. Approximately 13,474 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 38,586 shares. The stock had previously closed at $83.46.

First Trust Large Cap Value AlphaDEX Fund Stock Down 0.4%

The company has a market capitalization of $1.14 billion, a PE ratio of 13.54 and a beta of 1.11. The stock's fifty day moving average price is $82.79 and its two-hundred day moving average price is $78.64.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.4007 dividend. This is an increase from First Trust Large Cap Value AlphaDEX Fund's previous quarterly dividend of $0.31. The ex-dividend date was Thursday, September 25th. This represents a $1.60 annualized dividend and a yield of 1.9%.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 447.1% during the 1st quarter. Farther Finance Advisors LLC now owns 465 shares of the company's stock worth $36,000 after acquiring an additional 380 shares during the period. Larson Financial Group LLC purchased a new stake in First Trust Large Cap Value AlphaDEX Fund during the 1st quarter valued at $37,000. Private Trust Co. NA raised its position in First Trust Large Cap Value AlphaDEX Fund by 42.6% in the 3rd quarter. Private Trust Co. NA now owns 613 shares of the company's stock worth $51,000 after buying an additional 183 shares during the last quarter. Bessemer Group Inc. purchased a new stake in First Trust Large Cap Value AlphaDEX Fund in the second quarter worth approximately $62,000. Finally, Hilltop National Bank bought a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the second quarter worth $82,000.

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.

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