First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sets New 1-Year High – Here’s What Happened

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $118.92 and last traded at $118.87, with a volume of 3010 shares changing hands. The stock had previously closed at $118.55.

First Trust Large Cap Core AlphaDEX Fund Trading Up 0.2%

The business’s fifty day moving average price is $116.38 and its 200 day moving average price is $112.95. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 17.76 and a beta of 0.99.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.3238 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This is a positive change from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.27. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.1%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in FEX. KPP Advisory Services LLC raised its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 7.2% during the second quarter. KPP Advisory Services LLC now owns 30,992 shares of the company’s stock worth $3,408,000 after purchasing an additional 2,075 shares during the last quarter. Truist Financial Corp increased its stake in First Trust Large Cap Core AlphaDEX Fund by 1.8% in the 2nd quarter. Truist Financial Corp now owns 165,332 shares of the company’s stock valued at $18,180,000 after buying an additional 2,856 shares during the period. Janney Montgomery Scott LLC raised its position in First Trust Large Cap Core AlphaDEX Fund by 1.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 523,437 shares of the company’s stock worth $57,557,000 after buying an additional 7,261 shares during the last quarter. Triumph Capital Management lifted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 0.6% in the 2nd quarter. Triumph Capital Management now owns 82,967 shares of the company’s stock worth $9,123,000 after acquiring an additional 454 shares during the period. Finally, Comerica Bank boosted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 1.3% in the first quarter. Comerica Bank now owns 12,913 shares of the company’s stock valued at $1,323,000 after acquiring an additional 162 shares in the last quarter.

About First Trust Large Cap Core AlphaDEX Fund

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.