First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sets New 12-Month High – Should You Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $135.01 and last traded at $134.58, with a volume of 24303 shares traded. The stock had previously closed at $134.73.

First Trust Large Cap Core AlphaDEX Fund Trading Down 0.1%

The business’s 50-day moving average price is $127.54 and its 200-day moving average price is $123.63. The stock has a market cap of $1.54 billion, a PE ratio of 17.76 and a beta of 0.95.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FEX. Jones Financial Companies Lllp grew its position in shares of First Trust Large Cap Core AlphaDEX Fund by 9.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,148 shares of the company’s stock worth $425,000 after buying an additional 356 shares during the last quarter. NewEdge Advisors LLC boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 27.5% in the 2nd quarter. NewEdge Advisors LLC now owns 6,284 shares of the company’s stock worth $691,000 after purchasing an additional 1,355 shares in the last quarter. Bank of America Corp DE boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 4.9% in the 2nd quarter. Bank of America Corp DE now owns 226,970 shares of the company’s stock worth $24,958,000 after purchasing an additional 10,567 shares in the last quarter. Captrust Financial Advisors boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 4.9% in the 2nd quarter. Captrust Financial Advisors now owns 16,173 shares of the company’s stock worth $1,778,000 after purchasing an additional 751 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 16.6% in the 2nd quarter. Advisory Services Network LLC now owns 6,179 shares of the company’s stock worth $691,000 after purchasing an additional 879 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. 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.