First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Unusually-High Trading Volume - Time to Buy?

The First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) experienced a notable spike in trading volume on Thursday, with about 61,502 shares exchanging hands. This figure marks an impressive increase of 193% compared to the previous day's volume of 20,994 shares. The stock was last seen trading at $108.97, slightly down from its previous close of $109.08.

First Trust Large Cap Core AlphaDEX Fund Price Performance

This fund is valued at a market capitalization of $1.32 billion and has a price-to-earnings (P/E) ratio of 17.45. Its beta stands at 1.06, indicating moderate volatility. The Fund's fifty-day simple moving average is recorded at $107.69, while the 200-day simple moving average is at $104.76.

First Trust Large Cap Core AlphaDEX Fund Dividend Announcement

Recently, the fund announced a dividend which was distributed on December 31st. Shareholders on record as of December 13th received a dividend of $0.4193 per share, with the ex-dividend date also on December 13th.

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

Several institutional investors have made significant adjustments to their holdings in the First Trust Large Cap Core AlphaDEX Fund. For instance, Assetmark Inc. increased its stake by 24.4% in the third quarter, now holding 1,676 shares valued at $175,000 after acquiring an additional 329 shares. Other firms such as Concurrent Investment Advisors LLC, Ellis Investment Partners LLC, and World Equity Group Inc. have also established new positions in the fund within the same period, reflecting growing interest among hedge funds.

About First Trust Large Cap Core AlphaDEX Fund

The First Trust Large Cap Core AlphaDEX Fund is an exchange-traded fund that aims to achieve investment results that generally correspond to the price and yield of the Defined Large Cap Core Index. This index is uniquely structured and managed by Standard & Poor's, utilizing the AlphaDEX stock selection methodology to choose stocks from the S&P 500 Index.

Should You Invest $1,000 in First Trust Large Cap Core AlphaDEX Fund Right Now?

Before deciding to invest in the First Trust Large Cap Core AlphaDEX Fund, it is worth noting that, while the fund currently holds a "Hold" rating among analysts, it has not made it onto the selective list of top recommended stocks. Analysts suggest the existence of preferable opportunities in other stocks, urging potential investors to research further before making any investment decisions.

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