First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Strong Trading Volume - Still a Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 73,230 shares changed hands during mid-day trading, an increase of 69% from the previous session's volume of 43,383 shares.The stock last traded at $75.73 and had previously closed at $76.81.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The business's 50-day simple moving average is $79.83 and its two-hundred day simple moving average is $77.65. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.4534 dividend. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC grew its position in First Trust Large Cap Value AlphaDEX Fund by 4.9% in the third quarter. Sanctuary Advisors LLC now owns 20,925 shares of the company's stock valued at $1,731,000 after acquiring an additional 985 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 1.9% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 8,410 shares of the company's stock valued at $666,000 after purchasing an additional 158 shares during the period. MML Investors Services LLC grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 3.9% during the 3rd quarter. MML Investors Services LLC now owns 11,495 shares of the company's stock valued at $910,000 after purchasing an additional 433 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in First Trust Large Cap Value AlphaDEX Fund by 14.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,639 shares of the company's stock worth $2,899,000 after buying an additional 4,552 shares during the period. Finally, Jane Street Group LLC acquired a new position in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth $1,137,000.

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.