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

Key Points

• The First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) recently reached a new 12-month high of $117.39, closing at $117.37 with a market cap of $1.39 billion.
• The fund announced an increased quarterly dividend of $0.3238 per share, up from the previous $0.27, representing an annualized yield of 1.1%.
• Institutional investment in the fund is growing, with notable increases from firms like Oppenheimer & Co. Inc. at 20.2% and Strategic Blueprint LLC at 10.8% during the first quarter.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - )'s share price reached a new 52-week high on Thursday . The company traded as high as $117.39 and last traded at $117.37, with a volume of 8822 shares traded. The stock had previously closed at $117.05.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 17.76 and a beta of 1.06. The stock's 50-day simple moving average is $114.41 and its two-hundred day simple moving average is $107.67.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a dividend of $0.3238 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.30 dividend on an annualized basis and a yield of 1.1%. This is a positive change from First Trust Large Cap Core AlphaDEX Fund's previous quarterly dividend of $0.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP increased its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 4.8% during the 1st quarter. Allworth Financial LP now owns 3,787 shares of the company's stock worth $377,000 after purchasing an additional 174 shares during the period. Silver Oak Securities Incorporated increased its stake in First Trust Large Cap Core AlphaDEX Fund by 0.4% in the first quarter. Silver Oak Securities Incorporated now owns 143,993 shares of the company's stock valued at $14,645,000 after acquiring an additional 605 shares during the period. Strategic Blueprint LLC increased its stake in First Trust Large Cap Core AlphaDEX Fund by 10.8% in the first quarter. Strategic Blueprint LLC now owns 107,076 shares of the company's stock valued at $10,971,000 after acquiring an additional 10,401 shares during the period. Oppenheimer & Co. Inc. increased its stake in First Trust Large Cap Core AlphaDEX Fund by 20.2% in the first quarter. Oppenheimer & Co. Inc. now owns 16,090 shares of the company's stock valued at $1,649,000 after acquiring an additional 2,701 shares during the period. Finally, HBK Sorce Advisory LLC increased its stake in First Trust Large Cap Core AlphaDEX Fund by 4.2% in the first quarter. HBK Sorce Advisory LLC now owns 183,894 shares of the company's stock valued at $18,842,000 after acquiring an additional 7,347 shares during the period.

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.

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