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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) shares saw unusually-high trading volume on Tuesday . Approximately 96,506 shares traded hands during mid-day trading, an increase of 121% from the previous session’s volume of 43,628 shares.The stock last traded at $77.43 and had previously closed at $78.07.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The business has a 50-day moving average of $80.22 and a 200-day moving average of $77.49. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.4534 per share. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. ICA Group Wealth Management LLC raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 70.0% during the second quarter. ICA Group Wealth Management LLC now owns 425 shares of the company’s stock worth $31,000 after purchasing an additional 175 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the 3rd quarter worth $201,000. 626 Financial LLC purchased a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth about $209,000. Sequoia Financial Advisors LLC acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter valued at about $215,000. Finally, Concorde Asset Management LLC purchased a new position in First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter valued at about $212,000.

First Trust Large Cap Value AlphaDEX Fund Company Profile

The First Trust Large Cap Value AlphaDEX Fund (FTA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Large Cap Value index. The fund selects and weights value stocks using fundamental factors including sales, book value and cash flows. FTA was launched on May 8, 2007 and is managed by First Trust.