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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares saw unusually-high trading volume on Friday . Approximately 28,997 shares were traded during mid-day trading, an increase of 35% from the previous session’s volume of 21,404 shares.The stock last traded at $138.09 and had previously closed at $139.52.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The company has a 50 day moving average of $142.64 and a 200 day moving average of $132.20. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 21.72 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.2752 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased its position in First Trust Large Cap Growth AlphaDEX Fund by 12,202.4% during the third quarter. International Assets Investment Management LLC now owns 521,991 shares of the company’s stock worth $68,610,000 after purchasing an additional 517,748 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the 3rd quarter worth approximately $56,552,000. Raymond James & Associates raised its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 9.6% during the 3rd quarter. Raymond James & Associates now owns 113,004 shares of the company’s stock valued at $14,853,000 after buying an additional 9,945 shares during the period. U.S. Capital Wealth Advisors LLC grew its position in First Trust Large Cap Growth AlphaDEX Fund by 1.1% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 87,802 shares of the company’s stock worth $11,541,000 after acquiring an additional 988 shares during the period. Finally, CX Institutional increased its stake in First Trust Large Cap Growth AlphaDEX Fund by 14.7% during the third quarter. CX Institutional now owns 50,430 shares of the company’s stock worth $6,629,000 after acquiring an additional 6,476 shares during the last quarter.

About First Trust Large Cap Growth AlphaDEX Fund

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).