First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Stock Price Down 0.1% - Should You Sell?

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) was down 0.1% during mid-day 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 Down 0.1%

The company has a market cap of $1.14 billion, a PE ratio of 13.54 and a beta of 1.11. The firm's fifty day simple moving average is $79.52 and its 200-day simple moving average is $76.80.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a $0.3089 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, June 26th.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in shares of 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 valued at $36,000 after buying an additional 380 shares during the period. Larson Financial Group LLC purchased a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the first quarter valued at approximately $37,000. Mpwm Advisory Solutions LLC purchased a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the fourth quarter valued at approximately $55,000. Bessemer Group Inc. purchased a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter valued at approximately $62,000. Finally, Hilltop National Bank purchased a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter valued at approximately $82,000.

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.