First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Trading 0.5% Higher - Here's Why

Key Points

• First Trust Large Cap Value AlphaDEX Fund (FTA) shares increased by 0.5%, reaching $83.78, significantly higher than its previous close of $83.33 with trading volume up 181% from average levels.
• The fund has announced a quarterly dividend of $0.4007, raising its annualized dividend yield to 1.9%, an increase from the previous dividend of $0.31.
• Institutional investors, including Wealth Enhancement Advisory Services and NBC Securities Inc., have made significant changes to their stakes in the fund, with some increasing their holdings dramatically in the first quarter.

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - ) traded up 0.5% on Wednesday . The company traded as high as $83.85 and last traded at $83.78. 112,566 shares were traded during trading, an increase of 181% from the average session volume of 40,031 shares. The stock had previously closed at $83.33.

First Trust Large Cap Value AlphaDEX Fund Trading Up 0.5%

The stock has a fifty day moving average of $81.84 and a two-hundred day moving average of $77.93. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 13.54 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

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

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

Hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the fourth quarter worth about $227,000. GAMMA Investing LLC grew its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 4,562.0% during the first quarter. GAMMA Investing LLC now owns 47,413 shares of the company's stock valued at $3,638,000 after purchasing an additional 46,396 shares during the last quarter. NBC Securities Inc. increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 84,600.0% in the first quarter. NBC Securities Inc. now owns 9,317 shares of the company's stock valued at $714,000 after purchasing an additional 9,306 shares in the last quarter. Park Avenue Securities LLC raised its position in First Trust Large Cap Value AlphaDEX Fund by 3.6% in the 1st quarter. Park Avenue Securities LLC now owns 21,679 shares of the company's stock worth $1,663,000 after purchasing an additional 744 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in First Trust Large Cap Value AlphaDEX Fund by 447.1% in the 1st 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.

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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