First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sets New 52-Week High – Time to Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $131.01 and last traded at $130.62, with a volume of 8016 shares. The stock had previously closed at $130.65.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The business’s 50 day moving average price is $125.27 and its 200-day moving average price is $121.72. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 17.76 and a beta of 0.97.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.2942 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, March 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FEX. Jones Financial Companies Lllp increased its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 9.4% during the first quarter. Jones Financial Companies Lllp now owns 4,148 shares of the company’s stock worth $425,000 after acquiring an additional 356 shares during the period. NewEdge Advisors LLC increased its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 27.5% during the second quarter. NewEdge Advisors LLC now owns 6,284 shares of the company’s stock worth $691,000 after acquiring an additional 1,355 shares during the period. Bank of America Corp DE increased its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 4.9% during the second quarter. Bank of America Corp DE now owns 226,970 shares of the company’s stock worth $24,958,000 after acquiring an additional 10,567 shares during the period. Captrust Financial Advisors increased its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 4.9% during the second quarter. Captrust Financial Advisors now owns 16,173 shares of the company’s stock worth $1,778,000 after acquiring an additional 751 shares during the period. Finally, Advisory Services Network LLC increased its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 16.6% during the second quarter. Advisory Services Network LLC now owns 6,179 shares of the company’s stock worth $691,000 after acquiring an additional 879 shares during the period.

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.