First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Trading Up 0.9% - Still a Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report)'s share price rose 0.9% during trading on Tuesday . The stock traded as high as $78.06 and last traded at $77.84. Approximately 18,849 shares changed 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 Price Performance

The business's 50-day moving average price is $73.89 and its two-hundred day moving average price is $76.57. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 13.58 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.3953 dividend. This represents a $1.58 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Runnymede Capital Advisors Inc. acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the 4th quarter worth approximately $27,000. Farther Finance Advisors LLC lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 447.1% during the first quarter. Farther Finance Advisors LLC now owns 465 shares of the company's stock worth $36,000 after purchasing an additional 380 shares during the last quarter. Larson Financial Group LLC acquired a new position in First Trust Large Cap Value AlphaDEX Fund in the first quarter worth $37,000. Private Trust Co. NA boosted its holdings 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 worth $48,000 after purchasing an additional 194 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new stake in First Trust Large Cap Value AlphaDEX Fund during the fourth quarter valued at $55,000.

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.