First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Unusually-High Trading Volume – Here’s What Happened

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw unusually-strong trading volume on Tuesday . Approximately 117,941 shares traded hands during mid-day trading, an increase of 352% from the previous session’s volume of 26,072 shares.The stock last traded at $104.84 and had previously closed at $104.07.

First Trust Large Cap Core AlphaDEX Fund Stock Up 1.5%

The firm has a market capitalization of $1.28 billion, a PE ratio of 18.17 and a beta of 1.06. The stock has a 50-day moving average price of $100.38 and a 200 day moving average price of $104.96.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.2989 per share. This represents a $1.20 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in First Trust Large Cap Core AlphaDEX Fund in the 4th quarter valued at about $30,032,000. LPL Financial LLC boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 21.0% in the fourth quarter. LPL Financial LLC now owns 957,043 shares of the company’s stock worth $99,815,000 after acquiring an additional 166,302 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of First Trust Large Cap Core AlphaDEX Fund by 154.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 259,575 shares of the company’s stock worth $26,596,000 after purchasing an additional 157,452 shares in the last quarter. AssuredPartners Investment Advisors LLC acquired a new position in First Trust Large Cap Core AlphaDEX Fund in the 4th quarter valued at $15,694,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in First Trust Large Cap Core AlphaDEX Fund by 1,444.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 68,853 shares of the company’s stock valued at $7,055,000 after purchasing an additional 64,394 shares in the last quarter.

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.