First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Strong Trading Volume - Time to Buy?

Key Points

• Trading activity increased: First Trust Large Cap Growth AlphaDEX Fund shares traded 21% above average volume, with 21,295 shares changing hands. The price rose to $171.17 from a previous close of $169.67.
• Dividend increased: The fund raised its quarterly dividend to $0.0682 per share from $0.0419, equating to an annualized dividend of approximately $0.27 and a 0.2% yield.
• Institutional interest remained positive: Several institutions, including Baird Financial, CX Institutional and Envestnet Asset Management, increased their holdings, while Commonwealth Equity Services initiated a new position.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - ) shares saw an uptick in trading volume on Monday. 21,295 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 17,657 shares. The stock last traded at $171.1690 and had previously closed at $169.67.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The firm's 50-day moving average price is $176.67 and its 200 day moving average price is $173.31. The firm has a market cap of $1.27 billion, a P/E ratio of 28.68 and a beta of 1.13.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.0682 per share. The ex-dividend date was Thursday, September 24th. This is a positive change from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.0419. This represents a $0.27 annualized dividend and a yield of 0.2%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 0.8% during the 2nd quarter. Baird Financial Group Inc. now owns 152,775 shares of the company's stock valued at $29,603,000 after purchasing an additional 1,207 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the third quarter valued at $26,137,000. CX Institutional lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 6.2% during the third quarter. CX Institutional now owns 115,994 shares of the company's stock valued at $20,577,000 after purchasing an additional 6,759 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.8% in the first quarter. Royal Bank of Canada now owns 68,493 shares of the company's stock worth $10,558,000 after buying an additional 1,195 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 7.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 36,193 shares of the company's stock worth $7,013,000 after purchasing an additional 2,506 shares during the period.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

First Trust Large Cap Growth AlphaDEX Fund (the Fund), formerly First Trust Large Cap Growth Opportunities AlphaDEX Fund, is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Growth 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 Growth Index.

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