First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Strong Trading Volume - What's Next?

The First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) has recently experienced a significant surge in trading activity. On a recent Tuesday, the trading volume reached around 96,506 shares during mid-day trading. This marks an impressive increase of 121% compared to the previous session, which saw a volume of only 43,628 shares. At that time, the stock was trading at $77.43, having closed the previous day at $78.07.

Performance Overview

In terms of market performance, the First Trust Large Cap Value AlphaDEX Fund traded down slightly by 0.7%. The fund has a 50-day moving average price of $80.37 and a 200-day moving average price of $77.51. With a market capitalization of $1.20 billion, it currently holds a price-to-earnings (P/E) ratio of 14.55 and a beta of 1.11, indicating its volatility compared to the broader market.

Upcoming Dividend Announcement

Investors will also be interested in the recent dividend announcement by the fund. It has declared a dividend that is scheduled to be paid on December 31st. Shareholders who are on record by December 13th will receive a dividend of $0.4534 per share. Notably, the ex-dividend date is the same as the record date, December 13th.

Institutional Investor Activity

Recent trading activity has drawn attention from institutional investors who have been buying and selling shares of the fund. For instance, ICA Group Wealth Management LLC increased its holdings in the First Trust Large Cap Value AlphaDEX Fund by 70% during the second quarter, bringing its total to 425 shares valued at approximately $31,000 after acquiring an additional 175 shares. Similarly, Continuum Advisory LLC raised its stake by 38.4% during the same period, owning 1,193 shares worth about $88,000 after obtaining an additional 331 shares.

New positions in the fund have also been taken by organizations such as SeaCrest Wealth Management LLC, which acquired shares valued at around $201,000 during the third quarter, and 626 Financial LLC, which invested approximately $209,000 in shares of the fund during the same timeframe. Additionally, Concorde Asset Management LLC made a new investment during the second quarter worth around $212,000.

Understanding the Fund

The First Trust Large Cap Value AlphaDEX Fund is an exchange-traded fund (ETF) designed to track the NASDAQ AlphaDEX Large Cap Value Index. This fund selects and weights value stocks based on various fundamental factors, including sales, book value, and cash flows. Established on May 8, 2007, it is managed by First Trust.

What Investors Should Consider

Before making an investment decision, potential investors may want to consider their options carefully. Currently, analysts maintain a "Hold" rating on the First Trust Large Cap Value AlphaDEX Fund, suggesting that investors might find better opportunities elsewhere. Specific stocks have been highlighted by top analysts as more favorable investments at this time. Investors looking for guidance should research and follow these insights closely.

This alert was generated using advanced narrative technology alongside financial data to provide swift and accurate information to readers, curated by a team of editors for quality assurance.

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