First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Trading volume rose 30% for First Trust Large Cap Value AlphaDEX Fund, with 44,764 shares changing hands compared with 34,490 in the prior session. The ETF last traded at $102.845, up from a $102.57 close.
• FTA has a $1.41 billion market capitalization, a 13.54 P/E ratio and a 0.79 beta; its 50-day and 200-day moving averages are $100.61 and $96.28, respectively.
• The fund paid a quarterly dividend of $0.3389 per share, equivalent to a $1.36 annualized payout and a 1.3% yield. Several institutional investors increased or initiated positions during the second quarter.

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - ) saw an uptick in trading volume on Tuesday . 44,764 shares traded hands during mid-day trading, an increase of 30% from the previous session's volume of 34,490 shares.The stock last traded at $102.8450 and had previously closed at $102.57.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The company has a 50-day moving average price of $100.61 and a 200-day moving average price of $96.28. The firm has a market capitalization of $1.41 billion, a P/E ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.3389 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.36 annualized dividend and a yield of 1.3%.

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

Institutional investors have recently added to or reduced their stakes in the stock. Tucker Asset Management LLC grew its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 16.5% during the 2nd quarter. Tucker Asset Management LLC now owns 2,564 shares of the company's stock worth $248,000 after acquiring an additional 363 shares in the last quarter. Asset Allocation Strategies LLC grew its stake in First Trust Large Cap Value AlphaDEX Fund by 59.7% in the 2nd quarter. Asset Allocation Strategies LLC now owns 7,208 shares of the company's stock valued at $698,000 after buying an additional 2,695 shares during the last quarter. NBH Bank bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter worth approximately $144,000. Continuum Advisory LLC bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the 2nd quarter valued at $192,000. Finally, First Heartland Consultants Inc. acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter worth $249,000.

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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