First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Large Volume Increase - What's Next?

Key Points

• Trading volume rose 75% to approximately 60,983 shares, while FTA traded at $98.06 versus its prior close of $98.58. The ETF has a $1.36 billion market capitalization and trades at a P/E ratio of 13.54.
• First Trust raised its quarterly dividend to $0.5259 per share from $0.3389, representing an annualized payout of $2.10 and a 2.1% yield.
• Institutional investors generally increased or initiated positions in FTA, including WealthTrust Asset Management, Blackhawk Capital Partners, Sigma Planning, and several new investors.

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - ) saw an uptick in trading volume on Wednesday. Approximately 60,983 shares changed hands during trading, an increase of 75% from the previous session's volume of 34,782 shares. The stock last traded at $98.0560 and had previously closed at $98.58.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The company's 50-day simple moving average is $100.62 and its two-hundred day simple moving average is $97.55. The firm has a market capitalization of $1.36 billion, a P/E ratio of 13.54 and a beta of 0.80.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.5259 per share. This is a boost from First Trust Large Cap Value AlphaDEX Fund's previous quarterly dividend of $0.3389. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.10 annualized dividend and a yield of 2.1%.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Large investors have recently made changes to their positions in the business. WealthTrust Asset Management LLC increased its position in First Trust Large Cap Value AlphaDEX Fund by 48.7% during the first quarter. WealthTrust Asset Management LLC now owns 4,256 shares of the company's stock valued at $393,000 after acquiring an additional 1,394 shares during the last quarter. Main Street Group LTD bought a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the first quarter valued at approximately $33,000. Independent Financial Group LLC purchased a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the first quarter valued at approximately $823,000. Blackhawk Capital Partners LLC increased its position in First Trust Large Cap Value AlphaDEX Fund by 4.9% during the 1st quarter. Blackhawk Capital Partners LLC now owns 9,150 shares of the company's stock valued at $845,000 after purchasing an additional 430 shares during the period. Finally, Sigma Planning Corp raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 11.4% in the 1st quarter. Sigma Planning Corp now owns 5,830 shares of the company's stock valued at $538,000 after purchasing an additional 595 shares in the last quarter.

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.

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