First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Unusually-High Trading Volume – Here’s Why

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) shares saw unusually-high trading volume on Tuesday . Approximately 25,205 shares traded hands during 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 Performance

The firm’s fifty day simple moving average is $106.51 and its 200 day simple moving average is $106.25. The stock has a market capitalization of $1.27 billion, a P/E ratio of 18.31 and a beta of 1.06.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FEX. Raymond James Financial Inc. bought a new stake in First Trust Large Cap Core AlphaDEX Fund during the fourth quarter worth $30,032,000. LPL Financial LLC lifted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 21.0% during the 4th quarter. LPL Financial LLC now owns 957,043 shares of the company’s stock worth $99,815,000 after buying an additional 166,302 shares during the last quarter. AssuredPartners Investment Advisors LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund in the fourth quarter valued at about $15,694,000. Benjamin Edwards Inc. bought a new position in First Trust Large Cap Core AlphaDEX Fund in the third quarter valued at about $5,227,000. Finally, Susquehanna International Group LLP raised its stake in First Trust Large Cap Core AlphaDEX Fund by 184.2% during the fourth quarter. Susquehanna International Group LLP now owns 30,458 shares of the company’s stock worth $3,177,000 after acquiring an additional 19,740 shares in the last quarter.

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.