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

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw strong trading volume on Monday . 52,561 shares traded hands during mid-day trading, an increase of 124% from the previous session’s volume of 23,479 shares.The stock last traded at $105.85 and had previously closed at $105.44.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.9 %

The business’s fifty day moving average is $101.59 and its 200 day moving average is $98.66. The stock has a market cap of $1.30 billion, a PE ratio of 17.45 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.3502 dividend. This is a positive change from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.40 annualized dividend and a yield of 1.32%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Coppell Advisory Solutions Corp. purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 1st quarter worth approximately $7,086,000. Kestra Advisory Services LLC increased its position in First Trust Large Cap Core AlphaDEX Fund by 31.5% during the first quarter. Kestra Advisory Services LLC now owns 185,278 shares of the company’s stock worth $18,387,000 after buying an additional 44,329 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 33.0% in the first quarter. Osaic Holdings Inc. now owns 200,762 shares of the company’s stock worth $19,924,000 after acquiring an additional 49,867 shares during the last quarter. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the first quarter valued at $1,493,000. Finally, HBK Sorce Advisory LLC boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 10.4% during the first quarter. HBK Sorce Advisory LLC now owns 182,102 shares of the company’s stock valued at $18,072,000 after acquiring an additional 17,097 shares during the last quarter.

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.