First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Stock Price Down 0.2% – Here’s What Happened

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was down 0.2% during mid-day trading on Wednesday . The company traded as low as $164.96 and last traded at $165.53. Approximately 16,641 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 19,041 shares. The stock had previously closed at $165.79.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The firm has a market cap of $1.30 billion, a PE ratio of 28.68 and a beta of 1.12. The company’s 50 day moving average price is $161.62 and its 200 day moving average price is $159.39.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.0326 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.13 annualized dividend and a dividend yield of 0.1%.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. boosted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 37.8% in the second quarter. Raymond James Financial Inc. now owns 268,160 shares of the company’s stock valued at $40,484,000 after purchasing an additional 73,618 shares during the period. RPS Advisory Solutions LLC acquired a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 2nd quarter valued at about $4,184,000. Ameriprise Financial Inc. raised its position in First Trust Large Cap Growth AlphaDEX Fund by 502.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 22,650 shares of the company’s stock valued at $3,419,000 after purchasing an additional 18,889 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 79.4% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 38,022 shares of the company’s stock valued at $5,740,000 after buying an additional 16,829 shares during the period. Finally, RiverTree Advisors LLC acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the second quarter worth about $2,448,000.

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). 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 Growth Index.