First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Large Volume Increase – Here’s What Happened

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares saw an uptick in trading volume on Tuesday . 58,924 shares were traded during trading, an increase of 133% from the previous session’s volume of 25,284 shares.The stock last traded at $137.20 and had previously closed at $136.44.

First Trust Large Cap Growth AlphaDEX Fund Trading Down 1.0 %

The company’s 50-day moving average is $141.03 and its 200 day moving average is $138.88. The firm has a market cap of $1.05 billion, a PE ratio of 25.94 and a beta of 1.12.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 437,116 shares of the company’s stock worth $60,431,000 after purchasing an additional 6,865 shares during the period. Raymond James Financial Inc. bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter valued at approximately $27,798,000. Commonwealth Equity Services LLC raised its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 5.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 193,390 shares of the company’s stock valued at $26,736,000 after buying an additional 9,562 shares in the last quarter. Baird Financial Group Inc. increased its stake in First Trust Large Cap Growth AlphaDEX Fund by 26.8% in the fourth quarter. Baird Financial Group Inc. now owns 149,647 shares of the company’s stock valued at $20,689,000 after acquiring an additional 31,662 shares during the period. Finally, CX Institutional raised its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 15.2% in the 4th quarter. CX Institutional now owns 58,079 shares of the company’s stock worth $8,029,000 after buying an additional 7,649 shares in the last quarter.

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).