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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) shares saw unusually-strong trading volume on Friday . Approximately 24,062 shares traded hands during trading, a decline of 33% from the previous session’s volume of 36,160 shares.The stock last traded at $86.78 and had previously closed at $86.78.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.0%

The company has a market cap of $1.19 billion, a price-to-earnings ratio of 13.54 and a beta of 0.91. The firm has a 50 day moving average price of $84.49 and a two-hundred day moving average price of $82.24.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a dividend of $0.5233 per share. This represents a $2.09 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, December 12th. This is a positive change from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40.

Institutional Investors Weigh In On First Trust Large Cap Value AlphaDEX Fund

Institutional investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new position in First Trust Large Cap Value AlphaDEX Fund during the third quarter worth $25,000. Clear Investment Research LLC acquired a new stake in First Trust Large Cap Value AlphaDEX Fund during the 3rd quarter worth about $44,000. CX Institutional bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth about $48,000. Private Trust Co. NA raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 42.6% in the 3rd quarter. Private Trust Co. NA now owns 613 shares of the company’s stock worth $51,000 after acquiring an additional 183 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the 2nd quarter valued at about $62,000.

About First Trust Large Cap Value AlphaDEX Fund

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.