First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Significant Trading Volume Increase

On Tuesday, the First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) experienced a noteworthy spike in trading activity. Approximately 46,457 shares were exchanged, representing an increase of 86% from the previous day's trading volume of 24,915 shares. The stock's latest trading price was $129.63, up from its prior close of $128.87.

Performance Metrics of First Trust Large Cap Growth AlphaDEX Fund

The fund boasts a market capitalization of $1.03 billion and is currently trading at a price-to-earnings ratio of 26.16, with a beta value of 1.04. The average price over the last 50 days stands at $142.58, while the 200-day moving average is recorded at $138.33.

Dividend Information

Recently, the First Trust Large Cap Growth AlphaDEX Fund announced a dividend payment, which was issued on Tuesday, December 31st. Shareholders on record as of Friday, December 13th, received a dividend of $0.2752 per share, with the ex-dividend date also set for Friday, December 13th.

Institutional Investor Activity

Several institutional investors have adjusted their holdings of FTC in recent months. US Bancorp DE increased its stake by 8.4% during the third quarter, now holding 3,793 shares valued at $499,000 after acquiring an additional 293 shares. Similarly, Sigma Planning Corp boosted its investment by 24.4%, now owning 4,983 shares worth $655,000 after purchasing 977 extra shares. Apollon Wealth Management LLC raised its holdings by 1.4% and currently possesses 17,137 shares valued at $2,252,000 after securing an additional 232 shares. Additionally, Proactive Wealth Strategies LLC established a new position in the fund valued at approximately $1,381,000 during this quarter, while Schrum Private Wealth Management LLC also acquired new shares worth $421,000.

About the First Trust Large Cap Growth AlphaDEX Fund

The First Trust Large Cap Growth AlphaDEX Fund, previously known as the First Trust Large Cap Growth Opportunities AlphaDEX Fund, is classified as an exchange-traded fund (ETF). The primary objective of the Fund is to achieve investment results that closely align with the price and yield of the Defined Large Cap Growth Index.

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This article was generated with the assistance of technology and financial data to provide timely and accurate reporting.

Investment Considerations

Before investing in the First Trust Large Cap Growth AlphaDEX Fund, investors should conduct thorough research. Insights from top Wall Street analysts can offer valuable perspectives.

Currently, the fund holds a "Hold" rating among analysts, who suggest that there are five stocks that might be more favorable at this time. It is always prudent to stay informed and updated on potential investments.

ETF, Stocks, Investment