First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Large Volume Increase After Dividend Announcement

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEXGet Free Report) shares saw unusually-strong trading volume on Thursday after the company announced a dividend. Approximately 64,519 shares changed hands during trading, an increase of 119% from the previous session’s volume of 29,464 shares.The stock last traded at $98.64 and had previously closed at $97.83.

The newly announced dividend which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd will be paid a dividend of $0.2108 per share. The ex-dividend date is Thursday, March 21st. This represents a $0.84 annualized dividend and a dividend yield of 0.86%.

First Trust Large Cap Core AlphaDEX Fund Trading Down 0.6 %

The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 15.41 and a beta of 1.06. The stock’s 50 day moving average is $93.57 and its 200 day moving average is $87.46.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Independent Wealth Network Inc. increased its position in First Trust Large Cap Core AlphaDEX Fund by 2.7% in the 3rd quarter. Independent Wealth Network Inc. now owns 4,997 shares of the company’s stock valued at $405,000 after acquiring an additional 131 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of First Trust Large Cap Core AlphaDEX Fund by 1.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 9,464 shares of the company’s stock worth $853,000 after buying an additional 133 shares during the period. Thrivent Financial for Lutherans increased its position in shares of First Trust Large Cap Core AlphaDEX Fund by 0.7% during the second quarter. Thrivent Financial for Lutherans now owns 21,104 shares of the company’s stock worth $1,773,000 after buying an additional 142 shares during the period. Financial Advocates Investment Management increased its position in shares of First Trust Large Cap Core AlphaDEX Fund by 1.4% during the third quarter. Financial Advocates Investment Management now owns 10,383 shares of the company’s stock worth $842,000 after buying an additional 144 shares during the period. Finally, SRS Capital Advisors Inc. increased its position in shares of First Trust Large Cap Core AlphaDEX Fund by 3.6% during the third quarter. SRS Capital Advisors Inc. now owns 4,711 shares of the company’s stock worth $382,000 after buying an additional 163 shares during the period.

First Trust Large Cap Core AlphaDEX Fund Company Profile

(Get Free Report)

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.

Further Reading

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