First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Unusually-High Trading Volume – Time to Buy?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw strong trading volume on Monday . 92,871 shares were traded during trading, an increase of 411% from the previous session’s volume of 18,177 shares.The stock last traded at $176.36 and had previously closed at $177.85.

First Trust Large Cap Growth AlphaDEX Fund Trading Down 0.9%

The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 28.68 and a beta of 1.14. The firm’s 50 day moving average is $182.34 and its two-hundred day moving average is $173.72.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.0419 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Win Advisors Inc. acquired a new position in First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter valued at $14,526,000. Raymond James Financial Inc. boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 37.8% in the 2nd quarter. Raymond James Financial Inc. now owns 268,160 shares of the company’s stock worth $40,484,000 after buying an additional 73,618 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 502.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 22,650 shares of the company’s stock worth $3,419,000 after buying an additional 18,889 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at about $2,995,000. Finally, Stifel Financial Corp grew its holdings in First Trust Large Cap Growth AlphaDEX Fund by 48.3% in the 4th quarter. Stifel Financial Corp now owns 48,912 shares of the company’s stock valued at $7,821,000 after buying an additional 15,938 shares during the period.

About First Trust Large Cap Growth AlphaDEX Fund

First Trust Large Cap Growth AlphaDEX Fund (the Fund), formerly First Trust Large Cap Growth Opportunities AlphaDEX Fund, is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Growth 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 Growth Index.