First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• FTC shares rose 1.4% and crossed above their 200-day moving average of $173.17, reaching $175.20 before last trading at $175.18.
• The fund increased its quarterly dividend to $0.0682 per share, equivalent to approximately $0.27 annually and a 0.2% yield.
• Several investment firms added to or initiated positions in FTC during the third quarter, including Oppenheimer, Sigma Planning, Wedbush Securities, and Fifth Third Securities.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - ) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $173.17 and traded as high as $175.20. First Trust Large Cap Growth AlphaDEX Fund shares last traded at $175.18, with a volume of 10,107 shares changing hands.

First Trust Large Cap Growth AlphaDEX Fund Stock Up 1.4%

The firm has a fifty day moving average price of $177.13 and a 200-day moving average price of $173.17. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 28.68 and a beta of 1.13.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

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

Hedge Funds Weigh In On First Trust Large Cap Growth AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in the business. Oppenheimer & Co. Inc. purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the third quarter valued at approximately $1,574,000. Kingswood Wealth Advisors LLC boosted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 5.4% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,904 shares of the company's stock valued at $338,000 after buying an additional 98 shares during the last quarter. Sigma Planning Corp acquired a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the third quarter worth approximately $855,000. Wedbush Securities Inc. bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the third quarter worth $393,000. Finally, Fifth Third Securities Inc. boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 5.9% during the 3rd quarter. Fifth Third Securities Inc. now owns 6,780 shares of the company's stock valued at $1,203,000 after acquiring an additional 376 shares during the last quarter.

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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