First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Stock Price Up 3% - Time to Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report) shares rose 3% during mid-day trading on Monday . The company traded as high as $77.03 and last traded at $76.72. Approximately 78,093 shares were traded during mid-day trading, an increase of 64% from the average daily volume of 47,530 shares. The stock had previously closed at $74.47.

First Trust Large Cap Value AlphaDEX Fund Trading Up 3.0%

The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 13.58 and a beta of 1.11. The stock has a 50-day simple moving average of $73.76 and a 200-day simple moving average of $77.12.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.3953 per share. This represents a $1.58 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, March 27th.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Runnymede Capital Advisors Inc. acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the 4th quarter valued at approximately $27,000. Farther Finance Advisors LLC raised its position 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 valued at $36,000 after acquiring an additional 380 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the 1st quarter valued at approximately $37,000. Private Trust Co. NA raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 45.1% during the 4th quarter. Private Trust Co. NA now owns 624 shares of the company's stock valued at $48,000 after acquiring an additional 194 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the 4th quarter valued at approximately $55,000.

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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