First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Strong Trading Volume – Here’s What Happened

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw an uptick in trading volume on Tuesday . 52,877 shares traded hands during trading, an increase of 12% from the previous session’s volume of 47,161 shares.The stock last traded at $77.54 and had previously closed at $77.41.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 13.58 and a beta of 0.92. The stock’s 50-day moving average price is $73.85 and its 200-day moving average price is $77.07.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.3953 per share. This represents a $1.58 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Runnymede Capital Advisors Inc. purchased a new stake in First Trust Large Cap Value AlphaDEX Fund in the 4th quarter valued at about $27,000. Farther Finance Advisors LLC boosted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 447.1% in the first quarter. Farther Finance Advisors LLC now owns 465 shares of the company’s stock worth $36,000 after acquiring an additional 380 shares during the last quarter. Larson Financial Group LLC purchased a new stake in First Trust Large Cap Value AlphaDEX Fund in the first quarter valued at approximately $37,000. Private Trust Co. NA increased its position in First Trust Large Cap Value AlphaDEX Fund by 45.1% during the fourth quarter. Private Trust Co. NA now owns 624 shares of the company’s stock worth $48,000 after purchasing an additional 194 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in First Trust Large Cap Value AlphaDEX Fund during the fourth quarter worth approximately $55,000.

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.