First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Strong Trading Volume - Here's Why

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) saw an uptick in trading volume on Monday . 18,467 shares were traded during trading, a decline of 17% from the previous session's volume of 22,251 shares.The stock last traded at $102.37 and had previously closed at $103.53.

First Trust Large Cap Core AlphaDEX Fund Trading Up 2.1 %

The stock has a 50 day simple moving average of $106.90 and a 200-day simple moving average of $106.15. The firm has a market capitalization of $1.24 billion, a P/E ratio of 17.90 and a beta of 1.06.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. LPL Financial LLC grew its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 21.0% during the 4th quarter. LPL Financial LLC now owns 957,043 shares of the company's stock valued at $99,815,000 after acquiring an additional 166,302 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 1.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 509,143 shares of the company's stock valued at $53,101,000 after acquiring an additional 6,114 shares during the period. Raymond James Financial Inc. bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 4th quarter valued at approximately $30,032,000. Commonwealth Equity Services LLC lifted its holdings in First Trust Large Cap Core AlphaDEX Fund by 0.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 208,072 shares of the company's stock worth $21,701,000 after purchasing an additional 1,030 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC purchased a new position in First Trust Large Cap Core AlphaDEX Fund in the 4th quarter worth approximately $15,694,000.

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First Trust Large Cap Core AlphaDEX Fund Company Profile

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.