First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Announces Quarterly Dividend of $0.41

Key Points

• Dividend increased 52.8%: First Trust Large Cap Core AlphaDEX Fund declared a quarterly dividend of $0.4077 per share, payable September 30 to shareholders of record on September 24. The ex-dividend date is also September 24, and the annualized yield is approximately 1.2%.
• Shares opened at $133.94: FEX has traded between $111.75 and $142.60 over the past year, with a market capitalization of approximately $1.55 billion and a beta of 0.94.
• Institutional interest increased: Several wealth-management firms and other investors initiated positions in FEX during the first and second quarters, with reported purchases ranging from $83,000 to $210,000.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) announced a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given a dividend of 0.4077 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 52.8% increase from First Trust Large Cap Core AlphaDEX Fund's previous quarterly dividend of $0.27.

First Trust Large Cap Core AlphaDEX Fund Price Performance

NASDAQ FEX opened at $133.94 on Thursday. First Trust Large Cap Core AlphaDEX Fund has a 1 year low of $111.75 and a 1 year high of $142.60. The stock has a market capitalization of $1.55 billion, a PE ratio of 17.76 and a beta of 0.94. The business's 50-day moving average is $137.63 and its 200 day moving average is $133.14.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in FEX. Compass Financial Management LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund in the second quarter valued at $83,000. Allied Private Wealth LLC bought a new position in First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter worth $113,000. Western Wealth Management LLC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 1st quarter worth about $125,000. Fairway Wealth LLC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 1st quarter worth about $133,000. Finally, Semitam Bonam LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter valued at about $210,000.

About First Trust Large Cap Core AlphaDEX Fund

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.