First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Stock Price Down 0.5% – What’s Next?

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) dropped 0.5% during mid-day trading on Monday . The company traded as low as $95.64 and last traded at $95.74. Approximately 15,394 shares changed hands during trading, a decline of 59% from the average daily volume of 37,236 shares. The stock had previously closed at $96.18.

First Trust Large Cap Value AlphaDEX Fund Stock Down 0.9%

The stock’s 50-day moving average is $94.08 and its 200-day moving average is $91.21. The firm has a market cap of $1.31 billion, a P/E ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.3622 dividend. This represents a $1.45 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, March 26th.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 558.1% in the 1st quarter. Parallel Advisors LLC now owns 14,879 shares of the company’s stock valued at $1,374,000 after buying an additional 12,618 shares during the period. NewEdge Advisors LLC increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 57.1% in the 1st quarter. NewEdge Advisors LLC now owns 156,182 shares of the company’s stock valued at $14,423,000 after buying an additional 56,797 shares during the period. Bank of America Corp DE increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 12.8% in the 1st quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock valued at $36,137,000 after buying an additional 44,259 shares during the period. Arkadios Wealth Advisors increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 8.8% in the 1st quarter. Arkadios Wealth Advisors now owns 14,562 shares of the company’s stock valued at $1,345,000 after buying an additional 1,180 shares during the period. Finally, IFS Group LLC bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the 1st quarter valued at $576,000.

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.