First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Unusually-High Trading Volume - Still a Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) saw an uptick in trading volume on Tuesday . 38,055 shares traded hands during mid-day trading, an increase of 53% from the previous session's volume of 24,874 shares.The stock last traded at $95.75 and had previously closed at $96.34.

First Trust Large Cap Core AlphaDEX Fund Trading Down 0.2 %

The stock has a fifty day simple moving average of $100.79 and a 200-day simple moving average of $105.31. The company has a market capitalization of $1.20 billion, a PE ratio of 16.56 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Hurley Capital LLC acquired a new position in First Trust Large Cap Core AlphaDEX Fund in the fourth quarter valued at $34,000. NBC Securities Inc. boosted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 143,700.0% in the 1st quarter. NBC Securities Inc. now owns 2,876 shares of the company's stock valued at $294,000 after purchasing an additional 2,874 shares during the period. Three Seasons Wealth LLC purchased a new position in First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth approximately $300,000. Elevation Capital Advisory LLC purchased a new position in First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth approximately $309,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the fourth quarter worth approximately $336,000.

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.