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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 58,924 shares traded hands during trading, an increase of 133% from the previous session's volume of 25,284 shares.The stock last traded at $137.20 and had previously closed at $136.44.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The company has a market cap of $1.04 billion, a PE ratio of 25.94 and a beta of 1.04. The firm has a fifty day simple moving average of $140.62 and a 200 day simple moving average of $138.91.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a dividend of $0.0428 per share. This represents a $0.17 annualized dividend and a yield of 0.13%. The ex-dividend date is Thursday, March 27th.

Hedge Funds Weigh In On First Trust Large Cap Growth AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in FTC. Janney Montgomery Scott LLC boosted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 1.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 437,116 shares of the company's stock valued at $60,431,000 after acquiring an additional 6,865 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter worth about $27,798,000. Commonwealth Equity Services LLC grew its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 5.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 193,390 shares of the company's stock valued at $26,736,000 after buying an additional 9,562 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 26.8% during the 4th quarter. Baird Financial Group Inc. now owns 149,647 shares of the company's stock valued at $20,689,000 after buying an additional 31,662 shares during the period. Finally, CX Institutional raised its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 15.2% during the 4th quarter. CX Institutional now owns 58,079 shares of the company's stock valued at $8,029,000 after buying an additional 7,649 shares during the period.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

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).