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

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw unusually-strong trading volume on Tuesday . Approximately 24,010 shares traded hands during mid-day trading, an increase of 47% from the previous session’s volume of 16,309 shares.The stock last traded at $109.37 and had previously closed at $108.56.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The business has a 50 day simple moving average of $108.02 and a 200-day simple moving average of $103.91. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 17.45 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.4193 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of First Trust Large Cap Core AlphaDEX Fund by 38.6% during the second quarter. Envestnet Asset Management Inc. now owns 80,355 shares of the company’s stock valued at $7,794,000 after acquiring an additional 22,393 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter valued at $376,000. Dorsey Wright & Associates purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter worth about $2,212,000. Susquehanna International Group LLP grew its position in First Trust Large Cap Core AlphaDEX Fund by 2.8% during the second quarter. Susquehanna International Group LLP now owns 47,413 shares of the company’s stock valued at $4,599,000 after buying an additional 1,299 shares during the period. Finally, Cetera Investment Advisers increased its holdings in First Trust Large Cap Core AlphaDEX Fund by 9.0% during the second quarter. Cetera Investment Advisers now owns 101,328 shares of the company’s stock worth $9,828,000 after buying an additional 8,374 shares during the last quarter.

First Trust Large Cap Core AlphaDEX Fund Company Profile

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.