First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Large Volume Increase After Dividend Announcement

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw strong trading volume on Wednesday after the company announced a dividend. 83,182 shares traded hands during mid-day trading, an increase of 146% from the previous session’s volume of 33,792 shares. The stock last traded at $98.10 and had previously closed at $98.26.

The newly announced dividend which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be issued a $0.5259 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3389.

First Trust Large Cap Value AlphaDEX Fund Trading Down 1.0%

The company has a market cap of $1.33 billion, a P/E ratio of 13.54 and a beta of 0.79. The company has a 50 day moving average price of $101.64 and a 200-day moving average price of $97.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 12.8% during the 1st quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock valued at $36,137,000 after purchasing an additional 44,259 shares during the last quarter. Cetera Investment Advisers lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 0.5% in the 1st quarter. Cetera Investment Advisers now owns 345,175 shares of the company’s stock valued at $31,877,000 after purchasing an additional 1,685 shares during the last quarter. Royal Bank of Canada boosted its position in First Trust Large Cap Value AlphaDEX Fund by 0.5% in the first quarter. Royal Bank of Canada now owns 298,949 shares of the company’s stock valued at $27,608,000 after buying an additional 1,394 shares in the last quarter. NewEdge Advisors LLC boosted its position in First Trust Large Cap Value AlphaDEX Fund by 2.9% in the second quarter. NewEdge Advisors LLC now owns 160,678 shares of the company’s stock valued at $15,553,000 after buying an additional 4,496 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 11.0% during the first quarter. Janney Montgomery Scott LLC now owns 72,129 shares of the company’s stock worth $6,661,000 after buying an additional 7,170 shares during the last quarter.

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.