First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Strong Trading Volume Following Dividend Announcement

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares saw unusually-strong trading volume on Friday after the company announced a dividend. Approximately 80,685 shares were traded during mid-day trading, an increase of 185% from the previous session’s volume of 28,279 shares.The stock last traded at $144.54 and had previously closed at $144.38.

The newly announced dividend which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.2752 per share. The ex-dividend date is Friday, December 13th.

First Trust Large Cap Growth AlphaDEX Fund Stock Up 0.4 %

The firm has a market cap of $1.18 billion, a P/E ratio of 21.72 and a beta of 1.04. The business has a fifty day simple moving average of $140.24 and a 200-day simple moving average of $129.65.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FTC. Apollon Wealth Management LLC boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 1.5% during the second quarter. Apollon Wealth Management LLC now owns 16,905 shares of the company’s stock worth $2,071,000 after acquiring an additional 256 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 4.6% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 28,560 shares of the company’s stock worth $3,499,000 after purchasing an additional 1,255 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 5.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 4,726 shares of the company’s stock worth $579,000 after buying an additional 241 shares during the last quarter. Financial Advocates Investment Management bought a new position in First Trust Large Cap Growth AlphaDEX Fund during the 2nd quarter valued at approximately $496,000. Finally, International Assets Investment Management LLC raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 53.1% during the second quarter. International Assets Investment Management LLC now owns 4,243 shares of the company’s stock valued at $520,000 after buying an additional 1,471 shares during the last quarter.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

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).