First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Plans Quarterly Dividend of $0.32

Key Points

• The First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) announced a quarterly dividend of $0.32, which represents a 19.6% increase from its previous dividend of $0.27.
• The stock is currently priced at $116.38 and has a market capitalization of $1.38 billion, with a P/E ratio of 17.76.
• Institutional investors have recently increased their stakes in the fund, with several new positions acquired during the second quarter totaling over $220,000 from various investment firms.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) declared a quarterly dividend on Wednesday, September 24th. Shareholders of record on Thursday, September 25th will be paid a dividend of 0.3238 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, September 25th. This is a 19.6% increase from First Trust Large Cap Core AlphaDEX Fund's previous quarterly dividend of $0.27.

First Trust Large Cap Core AlphaDEX Fund Stock Down 0.3%

Shares of NASDAQ FEX opened at $116.38 on Thursday. The firm has a market capitalization of $1.38 billion, a P/E ratio of 17.76 and a beta of 1.06. The stock's 50-day simple moving average is $113.95 and its two-hundred day simple moving average is $107.13. First Trust Large Cap Core AlphaDEX Fund has a twelve month low of $88.06 and a twelve month high of $117.38.

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

Institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter valued at about $34,000. Millstone Evans Group LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 1st quarter valued at about $42,000. IFG Advisory LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter valued at about $207,000. Bessemer Group Inc. bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter valued at about $218,000. Finally, Milestones Private Investment Advisors LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter valued at about $224,000.

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.

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