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

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) shares saw unusually-high trading volume on Monday . Approximately 52,561 shares were traded during mid-day trading, an increase of 124% from the previous session’s volume of 23,479 shares.The stock last traded at $105.85 and had previously closed at $105.44.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 17.45 and a beta of 1.06. The business’s 50 day moving average is $101.15 and its 200 day moving average is $98.56.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.3502 per share. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.26. This represents a $1.40 dividend on an annualized basis and a yield of 1.32%.

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

A number of institutional investors have recently bought and sold shares of FEX. Janney Montgomery Scott LLC raised its position in First Trust Large Cap Core AlphaDEX Fund by 0.7% during the first quarter. Janney Montgomery Scott LLC now owns 471,075 shares of the company’s stock worth $46,750,000 after acquiring an additional 3,213 shares during the period. Commonwealth Equity Services LLC raised its position in First Trust Large Cap Core AlphaDEX Fund by 0.7% during the first quarter. Commonwealth Equity Services LLC now owns 206,713 shares of the company’s stock worth $20,514,000 after acquiring an additional 1,365 shares during the period. Osaic Holdings Inc. raised its position in First Trust Large Cap Core AlphaDEX Fund by 33.0% during the first quarter. Osaic Holdings Inc. now owns 200,762 shares of the company’s stock worth $19,924,000 after acquiring an additional 49,867 shares during the period. Kestra Advisory Services LLC raised its position in First Trust Large Cap Core AlphaDEX Fund by 31.5% during the first quarter. Kestra Advisory Services LLC now owns 185,278 shares of the company’s stock worth $18,387,000 after acquiring an additional 44,329 shares during the period. Finally, HBK Sorce Advisory LLC raised its position in First Trust Large Cap Core AlphaDEX Fund by 1.6% during the second quarter. HBK Sorce Advisory LLC now owns 185,036 shares of the company’s stock worth $17,947,000 after acquiring an additional 2,934 shares during the period.

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.