First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Large Volume Increase – Time to Buy?

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw unusually-strong trading volume on Thursday . Approximately 52,519 shares changed hands during mid-day trading, an increase of 135% from the previous session’s volume of 22,369 shares.The stock last traded at $135.2060 and had previously closed at $135.14.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The stock’s 50-day moving average price is $136.43 and its 200 day moving average price is $129.62. The firm has a market capitalization of $1.58 billion, a PE ratio of 17.76 and a beta of 0.94.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.2669 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.07 annualized dividend and a yield of 0.8%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Ankerstar Wealth LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth $27,000. Wealth Watch Advisors INC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the third quarter valued at about $61,000. CIBC Private Wealth Group LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the third quarter valued at about $62,000. Farther Finance Advisors LLC lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 447.2% in the fourth quarter. Farther Finance Advisors LLC now owns 673 shares of the company’s stock worth $80,000 after acquiring an additional 550 shares during the period. Finally, Hills Bank & Trust Co bought a new position in First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth about $101,000.

About First Trust Large Cap Core AlphaDEX Fund

First Trust Large Cap Core AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Core 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 Index. Standard & Poor’s constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.