First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Shares Down 0.2% – Time to Sell?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC)’s stock price fell 0.2% on Wednesday . The stock traded as low as $164.96 and last traded at $165.53. 16,641 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 19,041 shares. The stock had previously closed at $165.79.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The company has a market cap of $1.30 billion, a PE ratio of 28.68 and a beta of 1.12. The business’s 50 day moving average is $161.62 and its 200-day moving average is $159.39.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.0326 per share. This represents a $0.13 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, December 12th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTC. Merit Financial Group LLC acquired a new stake in First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter worth approximately $352,000. Assetmark Inc. boosted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 6.9% in the 4th quarter. Assetmark Inc. now owns 2,464 shares of the company’s stock valued at $394,000 after buying an additional 158 shares in the last quarter. Northland Securities Inc. purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at $249,000. U.S. Capital Wealth Advisors LLC grew its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 42,360 shares of the company’s stock valued at $6,772,000 after buying an additional 885 shares during the last quarter. Finally, Fifth Third Securities Inc. raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 9.9% during the 4th quarter. Fifth Third Securities Inc. now owns 6,529 shares of the company’s stock worth $1,044,000 after acquiring an additional 590 shares in 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). 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 Growth Index.