First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Strong Trading Volume – Should You Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw an uptick in trading volume on Monday . 73,230 shares were traded during 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 stock has a market cap of $1.18 billion, a P/E ratio of 14.55 and a beta of 1.11. The firm’s fifty day moving average price is $79.83 and its two-hundred day moving average price is $77.65.

First Trust Large Cap Value AlphaDEX Fund Announces Dividend

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

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

A number of institutional investors have recently made changes to their positions in FTA. ICA Group Wealth Management LLC raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 70.0% during the second quarter. ICA Group Wealth Management LLC now owns 425 shares of the company’s stock worth $31,000 after acquiring an additional 175 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth $201,000. 626 Financial LLC bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the third quarter worth $209,000. Concorde Asset Management LLC purchased a new stake in First Trust Large Cap Value AlphaDEX Fund during the second quarter valued at about $212,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the third quarter valued at about $215,000.

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.