First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Shares Down 0.4% - Here's Why

Key Points

• The First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw a share price decline of 0.4% to $82.58, with trading volume up 18% compared to its average session.
• The fund recently cut its dividend to $1.24 annually, yielding 1.5%, with the last quarterly dividend paid on June 30th.
• Several institutional investors have increased their holdings in the fund, with CWM LLC raising its stake by 27.2% during the second quarter.

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report) shares traded down 0.4% during mid-day trading on Tuesday . The stock traded as low as $82.54 and last traded at $82.58. 47,763 shares traded hands during trading, an increase of 18% from the average session volume of 40,554 shares. The stock had previously closed at $82.94.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.16 billion, a PE ratio of 13.54 and a beta of 1.11. The company's fifty day simple moving average is $81.09 and its 200-day simple moving average is $77.35.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

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

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

A number of hedge funds have recently modified their holdings of FTA. Jane Street Group LLC raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 100.0% in the fourth quarter. Jane Street Group LLC now owns 28,733 shares of the company's stock valued at $2,197,000 after buying an additional 14,365 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the fourth quarter valued at about $262,000. Royal Bank of Canada raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 0.4% in the fourth quarter. Royal Bank of Canada now owns 278,963 shares of the company's stock valued at $21,328,000 after buying an additional 1,131 shares during the last quarter. Waverly Advisors LLC acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the fourth quarter valued at about $1,008,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the fourth quarter valued at about $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.