First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Hits New 12-Month High - Time to Buy?

Key Points

• First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) reached a new 52-week high of $113.48, trading at this price during mid-day trading on Friday, with a volume of 4,657 shares.
• The fund has a market capitalization of $1.35 billion, a price-to-earnings ratio of 17.76, and a beta of 1.06, indicating a stable investment profile.
• Recently, the fund cut its quarterly dividend to $0.2708, reflecting an annualized yield of 0.95% based on the last dividend payment.
• A number of institutional investors significantly increased their stakes in FEX during the fourth quarter, with notable increases from Captrust Financial Advisors and Susquehanna International Group LLP.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as $113.48 and last traded at $113.48, with a volume of 4657 shares. The stock had previously closed at $112.70.

First Trust Large Cap Core AlphaDEX Fund Stock Down 0.3%

The company has a market cap of $1.34 billion, a P/E ratio of 17.76 and a beta of 1.06. The company has a fifty day moving average of $108.66 and a 200 day moving average of $105.25.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.2708 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, June 26th.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of FEX. Hurley Capital LLC bought a new position in First Trust Large Cap Core AlphaDEX Fund during the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC purchased a new stake in First Trust Large Cap Core AlphaDEX Fund during the first quarter valued at approximately $42,000. Concurrent Investment Advisors LLC raised its position in First Trust Large Cap Core AlphaDEX Fund by 15.1% during the second quarter. Concurrent Investment Advisors LLC now owns 2,286 shares of the company's stock valued at $251,000 after purchasing an additional 300 shares during the period. Ignite Planners LLC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the first quarter worth approximately $241,000. Finally, Three Seasons Wealth LLC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the fourth quarter worth approximately $300,000.

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.