First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Stock Price Up 0.3% – Should You Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) shot up 0.3% during mid-day trading on Monday . The company traded as high as $78.51 and last traded at $78.19. 30,669 shares changed hands during trading, a decline of 35% from the average session volume of 47,431 shares. The stock had previously closed at $77.94.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The company has a 50-day moving average of $77.81 and a 200-day moving average of $78.65. The stock has a market cap of $1.18 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 announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.4534 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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

Several hedge funds have recently modified their holdings of the stock. Runnymede Capital Advisors Inc. purchased a new position in First Trust Large Cap Value AlphaDEX Fund during the 4th quarter worth $27,000. Private Trust Co. NA increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 45.1% during the fourth quarter. Private Trust Co. NA now owns 624 shares of the company’s stock worth $48,000 after acquiring an additional 194 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in First Trust Large Cap Value AlphaDEX Fund during the fourth quarter worth about $55,000. Golden State Wealth Management LLC acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the fourth quarter valued at about $69,000. Finally, GAMMA Investing LLC lifted its position in First Trust Large Cap Value AlphaDEX Fund by 384.3% in the fourth quarter. GAMMA Investing LLC now owns 1,017 shares of the company’s stock valued at $78,000 after purchasing an additional 807 shares during the period.

About First Trust Large Cap Value AlphaDEX Fund

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.