First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Shares Up 0.9% - Here's Why

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report)'s stock price was up 0.9% during mid-day trading on Tuesday . The stock traded as high as $78.06 and last traded at $77.84. Approximately 18,849 shares traded hands during trading, a decline of 59% from the average daily volume of 46,105 shares. The stock had previously closed at $77.11.

First Trust Large Cap Value AlphaDEX Fund Stock Down 0.8%

The firm has a 50-day moving average of $74.28 and a 200 day moving average of $76.48. The stock has a market capitalization of $1.12 billion, a P/E ratio of 13.58 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.3953 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.58 annualized dividend and a dividend yield of 2.05%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTA. LVZ Inc. raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 0.5% in the 4th quarter. LVZ Inc. now owns 36,153 shares of the company's stock worth $2,764,000 after buying an additional 165 shares in the last quarter. Private Trust Co. NA boosted its position in First Trust Large Cap Value AlphaDEX Fund by 45.1% in the fourth quarter. Private Trust Co. NA now owns 624 shares of the company's stock valued at $48,000 after buying an additional 194 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in First Trust Large Cap Value AlphaDEX Fund by 2.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,975 shares of the company's stock worth $763,000 after buying an additional 200 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 0.6% during the fourth quarter. D.A. Davidson & CO. now owns 36,706 shares of the company's stock worth $2,807,000 after buying an additional 201 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the fourth quarter worth approximately $27,000.

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.