First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Stock Price Down 0.1% - Here's What Happened

Key Points

• The First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw a slight decline of 0.1% in trading, with the latest price at $81.27 and a trading volume 8% lower than the daily average.
• Recently, the fund announced a quarterly dividend of $0.3089 per share, translating to an annual yield of 1.5%.
• Several institutional investors have significantly increased their holdings, with Farther Finance Advisors LLC growing its stake by 447.1% during the first quarter.

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report)'s share price dropped 0.1% during trading on Friday . The stock traded as low as $81.23 and last traded at $81.27. Approximately 38,739 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 41,987 shares. The stock had previously closed at $81.39.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.4%

The firm has a market cap of $1.14 billion, a PE ratio of 13.54 and a beta of 1.11. The business has a 50-day moving average price of $79.36 and a two-hundred day moving average price of $76.73.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a dividend of $0.3089 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, June 26th.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. increased its position in First Trust Large Cap Value AlphaDEX Fund by 3.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 15,873 shares of the company's stock worth $1,214,000 after buying an additional 473 shares during the period. NewEdge Advisors LLC increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 423.1% in the 4th quarter. NewEdge Advisors LLC now owns 32,433 shares of the company's stock valued at $2,480,000 after buying an additional 26,233 shares during the period. First Trust Advisors LP boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 15.5% in the 4th quarter. First Trust Advisors LP now owns 18,780 shares of the company's stock valued at $1,436,000 after purchasing an additional 2,524 shares during the last quarter. MML Investors Services LLC raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 30.4% during the 4th quarter. MML Investors Services LLC now owns 14,985 shares of the company's stock valued at $1,146,000 after acquiring an additional 3,490 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 67.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,051 shares of the company's stock worth $921,000 after buying an additional 4,874 shares during the period.

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.