First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sets New 12-Month High – Time to Buy?

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $103.35 and last traded at $103.4410, with a volume of 482 shares trading hands. The stock had previously closed at $102.81.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The business has a fifty day simple moving average of $98.63 and a two-hundred day simple moving average of $95.15. The company has a market cap of $1.42 billion, a PE ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.3389 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Large Cap Value AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in FTA. LPL Financial LLC lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 8.4% during the fourth quarter. LPL Financial LLC now owns 1,001,829 shares of the company’s stock valued at $86,305,000 after buying an additional 77,963 shares during the last quarter. Bank of America Corp DE grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 12.8% in the 1st quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock worth $36,137,000 after buying an additional 44,259 shares during the last quarter. Cetera Investment Advisers grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 0.5% in the 1st quarter. Cetera Investment Advisers now owns 345,175 shares of the company’s stock worth $31,877,000 after buying an additional 1,685 shares during the last quarter. Royal Bank of Canada raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 0.5% during the 1st quarter. Royal Bank of Canada now owns 298,949 shares of the company’s stock worth $27,608,000 after acquiring an additional 1,394 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 2.3% during the 3rd quarter. Raymond James Financial Inc. now owns 291,928 shares of the company’s stock worth $24,325,000 after acquiring an additional 6,610 shares in the last quarter.

First Trust Large Cap Value AlphaDEX Fund Company Profile

The First Trust Large Cap Value AlphaDEX Fund (FTA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Large Cap Value index. The fund selects and weights value stocks using fundamental factors including sales, book value and cash flows. FTA was launched on May 8, 2007 and is managed by First Trust.