First Trust Large Cap Growth AlphaDEX Fund Price & Performance (FTC)

First Trust Large Cap Value AlphaDEX Fund (FTA) saw a notable 21.3% drop in short interest as of March 31, now totaling 11,100 shares. The fund’s price recently opened at $71.02, with a 12-month range between $66.01 and $83.93. Several institutional investors increased their holdings during the first quarter, signaling continued interest.12

Major institutional investors have made significant moves in First Trust Large Cap Growth AlphaDEX Fund (FTC), with Raymond James Financial and Jane Street Group notably increasing their stakes. Despite a 2.1% dip in recent trading, the fund maintains a market cap above $1 billion and a P/E ratio near 26, reflecting ongoing investor confidence.34

Recent analysis shows the price of major large cap growth indices has risen faster than earnings over the past three years, with a 23% price increase outpacing a 17% rise in earnings. While Q4 2024 earnings growth hit a post-pandemic high, the current valuation expansion may prompt caution among investors.56