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

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) shares saw strong trading volume on Tuesday . 25,205 shares were traded during mid-day trading, an increase of 12% from the previous session’s volume of 22,442 shares.The stock last traded at $104.81 and had previously closed at $104.44.

First Trust Large Cap Core AlphaDEX Fund Stock Down 0.1 %

The business’s 50 day simple moving average is $106.51 and its two-hundred day simple moving average is $106.25. The stock has a market cap of $1.27 billion, a P/E ratio of 18.31 and a beta of 1.06.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC increased its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 48.4% in the third quarter. FMR LLC now owns 4,996 shares of the company’s stock valued at $520,000 after buying an additional 1,630 shares during the period. Benjamin Edwards Inc. bought a new stake in First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter worth approximately $5,227,000. IHT Wealth Management LLC increased its position in First Trust Large Cap Core AlphaDEX Fund by 19.2% in the 3rd quarter. IHT Wealth Management LLC now owns 7,104 shares of the company’s stock valued at $739,000 after acquiring an additional 1,142 shares during the period. Jane Street Group LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the third quarter valued at $1,418,000. Finally, Virtu Financial LLC acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the third quarter worth $1,299,000.

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.