First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Hits New 12-Month High – Still a Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $122.99 and last traded at $123.0360, with a volume of 835 shares. The stock had previously closed at $122.60.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The company has a fifty day moving average price of $118.43 and a two-hundred day moving average price of $115.81. The company has a market cap of $1.41 billion, a P/E ratio of 17.76 and a beta of 0.99.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.4092 per share. This is a positive change from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.64 annualized dividend and a dividend yield of 1.3%.

Institutional Investors Weigh In On First Trust Large Cap Core AlphaDEX Fund

Large investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the second quarter worth $34,000. Washington Trust Advisors Inc. acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter worth about $40,000. Rossby Financial LCC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter valued at about $54,000. Wealth Watch Advisors INC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter valued at about $61,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter valued at about $62,000.

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. Standard & Poor’s constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.