First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sets New 12-Month High – What’s Next?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $126.81 and last traded at $126.8790, with a volume of 2207 shares trading hands. The stock had previously closed at $126.44.

First Trust Large Cap Core AlphaDEX Fund Trading Up 0.2%

The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 17.76 and a beta of 0.99. The firm’s 50 day simple moving average is $121.15 and its two-hundred day simple moving average is $117.33.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

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

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

Several large investors have recently modified their holdings of FEX. Northwestern Mutual Wealth Management Co. raised its stake in First Trust Large Cap Core AlphaDEX Fund by 6,734.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,211,423 shares of the company’s stock valued at $499,559,000 after purchasing an additional 4,149,805 shares in the last quarter. BIP Wealth LLC acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the 4th quarter valued at approximately $15,743,000. Strategic Blueprint LLC raised its position in shares of First Trust Large Cap Core AlphaDEX Fund by 26.1% in the 3rd quarter. Strategic Blueprint LLC now owns 130,323 shares of the company’s stock valued at $15,224,000 after buying an additional 26,959 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 24.3% during the 2nd quarter. Cetera Investment Advisers now owns 109,398 shares of the company’s stock worth $12,029,000 after acquiring an additional 21,365 shares during the period. Finally, Flow Traders U.S. LLC boosted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 57.8% during the 2nd quarter. Flow Traders U.S. LLC now owns 51,239 shares of the company’s stock worth $5,634,000 after acquiring an additional 18,777 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.