First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Trading 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 - )'s share price fell 0.4% on Tuesday . The stock traded as low as $82.54 and last traded at $82.58. 47,763 shares were traded during mid-day 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 Stock Performance

The stock has a market cap of $1.15 billion, a PE ratio of 13.54 and a beta of 1.11. The stock's 50-day moving average is $80.93 and its two-hundred day moving average is $77.25.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued 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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Apollon Wealth Management LLC raised its stake in First Trust Large Cap Value AlphaDEX Fund by 4.0% during the 2nd quarter. Apollon Wealth Management LLC now owns 4,549 shares of the company's stock worth $358,000 after acquiring an additional 176 shares in the last quarter. HBW Advisory Services LLC raised its stake in First Trust Large Cap Value AlphaDEX Fund by 4.2% during the 2nd quarter. HBW Advisory Services LLC now owns 4,621 shares of the company's stock worth $363,000 after acquiring an additional 185 shares in the last quarter. MML Investors Services LLC raised its stake in First Trust Large Cap Value AlphaDEX Fund by 0.8% during the 2nd quarter. MML Investors Services LLC now owns 23,804 shares of the company's stock worth $1,872,000 after acquiring an additional 185 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in First Trust Large Cap Value AlphaDEX Fund by 1.5% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 14,660 shares of the company's stock worth $1,153,000 after acquiring an additional 212 shares in the last quarter. Finally, CWM LLC raised its stake in First Trust Large Cap Value AlphaDEX Fund by 27.2% during the 2nd quarter. CWM LLC now owns 1,492 shares of the company's stock worth $117,000 after acquiring an additional 319 shares in 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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