First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Unusually-High Trading Volume – Here’s Why

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) shares saw strong trading volume on Wednesday . 112,045 shares changed hands during trading, an increase of 367% from the previous session’s volume of 23,983 shares.The stock last traded at $104.85 and had previously closed at $105.34.

First Trust Large Cap Core AlphaDEX Fund Stock Down 0.6 %

The business’s fifty day moving average is $102.79 and its 200 day moving average is $99.03. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 17.45 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.3502 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, September 26th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the second quarter worth $123,000. International Assets Investment Management LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter valued at $166,000. Ellis Investment Partners LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter valued at $213,000. SpiderRock Advisors LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund in the 1st quarter valued at $201,000. Finally, IFG Advisory LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter valued at $214,000.

About First Trust Large Cap Core AlphaDEX Fund

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.