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) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $141.43 and last traded at $140.9360, with a volume of 450 shares changing hands. The stock had previously closed at $139.81.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The firm has a 50-day moving average price of $137.28 and a two-hundred day moving average price of $130.74. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 17.76 and a beta of 0.94.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.2669 dividend. This represents a $1.07 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

Institutional investors have recently modified their holdings of the stock. Wealth Watch Advisors INC boosted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 31.3% in the 4th quarter. Wealth Watch Advisors INC now owns 688 shares of the company’s stock valued at $82,000 after buying an additional 164 shares in the last quarter. Tcfg Wealth Management LLC boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 0.9% in the first quarter. Tcfg Wealth Management LLC now owns 21,507 shares of the company’s stock valued at $2,622,000 after acquiring an additional 201 shares in the last quarter. Comerica Bank boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 1.7% in the third quarter. Comerica Bank now owns 13,060 shares of the company’s stock valued at $1,526,000 after acquiring an additional 218 shares in the last quarter. AssuredPartners Investment Advisors LLC grew its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 1.3% during the fourth quarter. AssuredPartners Investment Advisors LLC now owns 17,385 shares of the company’s stock worth $2,062,000 after purchasing an additional 219 shares during the last quarter. Finally, Ankerstar Wealth LLC acquired a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the fourth quarter worth about $27,000.

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.