First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Large Volume Increase – Still a Buy?

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw unusually-high trading volume on Tuesday . Approximately 46,457 shares changed hands during mid-day trading, an increase of 86% from the previous session’s volume of 24,915 shares.The stock last traded at $129.63 and had previously closed at $128.87.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 26.16 and a beta of 1.04. The company’s 50-day simple moving average is $142.58 and its 200-day simple moving average is $138.33.

First Trust Large Cap Growth AlphaDEX Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.2752 per share. The ex-dividend date was Friday, December 13th.

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

A number of institutional investors have recently modified their holdings of FTC. US Bancorp DE lifted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 8.4% during the 3rd quarter. US Bancorp DE now owns 3,793 shares of the company’s stock valued at $499,000 after acquiring an additional 293 shares during the period. Sigma Planning Corp increased its holdings in First Trust Large Cap Growth AlphaDEX Fund by 24.4% in the 3rd quarter. Sigma Planning Corp now owns 4,983 shares of the company’s stock valued at $655,000 after buying an additional 977 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.4% during the 3rd quarter. Apollon Wealth Management LLC now owns 17,137 shares of the company’s stock worth $2,252,000 after acquiring an additional 232 shares during the period. Proactive Wealth Strategies LLC acquired a new position in First Trust Large Cap Growth AlphaDEX Fund during the third quarter valued at approximately $1,381,000. Finally, Schrum Private Wealth Management LLC bought a new stake in First Trust Large Cap Growth AlphaDEX Fund during the third quarter worth $421,000.

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).