First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• FEX trading volume increased 8% to 23,481 shares, while the ETF’s price rose to $136.94 from a previous close of $135.18.
• The fund increased its quarterly dividend to $0.4077 per share, equivalent to an annualized payout of $1.63 and a 1.2% yield.
• Several institutional investors expanded their FEX holdings, including Envestnet Asset Management, which increased its position by 44.1% to 86,559 shares.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - ) shares saw unusually-high trading volume on Wednesday. 23,481 shares changed hands during trading, an increase of 8% from the previous session's volume of 21,684 shares. The stock last traded at $136.9390 and had previously closed at $135.18.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The stock has a market capitalization of $1.59 billion, a P/E ratio of 17.76 and a beta of 0.94. The stock's fifty day simple moving average is $136.74 and its two-hundred day simple moving average is $134.85.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.4077 dividend. This is a boost from First Trust Large Cap Core AlphaDEX Fund's previous quarterly dividend of $0.2669. The ex-dividend date was Thursday, September 24th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.2%.

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

A number of institutional investors have recently modified their holdings of FEX. Independent Wealth Network Inc. increased its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 152.6% during the 3rd quarter. Independent Wealth Network Inc. now owns 8,906 shares of the company's stock worth $1,181,000 after purchasing an additional 5,380 shares during the last quarter. IFP Advisors Inc raised its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 18.8% during the 3rd quarter. IFP Advisors Inc now owns 1,792 shares of the company's stock valued at $238,000 after purchasing an additional 284 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 29.7% in the third quarter. Farther Finance Advisors LLC now owns 873 shares of the company's stock worth $116,000 after buying an additional 200 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 44.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 86,559 shares of the company's stock worth $12,107,000 after purchasing an additional 26,490 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of First Trust Large Cap Core AlphaDEX Fund by 10.8% in the second quarter. Integrated Wealth Concepts LLC now owns 11,514 shares of the company's stock worth $1,611,000 after buying an additional 1,126 shares in the last quarter.

First Trust Large Cap Core AlphaDEX Fund Company Profile

First Trust Large Cap Core AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Core Index (the Index). The Index is an enhanced index created and administered by Standard & Poor's, which employs the AlphaDEX stock selection methodology to select stocks from the S&P 500 Index. Standard & Poor's constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.

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