First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Reaches New 1-Year High - Here's What Happened

Key Points

• FEX reached a new 52-week high, trading as high as $141.43 and closing its latest session at $140.94, up about 0.4%. Its 50-day and 200-day moving averages were $137.07 and $130.48, respectively.
• The fund paid a quarterly dividend of $0.2669, equivalent to an annualized $1.07 payout and a 0.8% yield.
• Institutional ownership increased, including a significant 6,734.7% stake increase by Northwestern Mutual Wealth Management and a 31.5% increase by Royal Bank of Canada.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - ) shares hit a new 52-week high on Wednesday . The stock traded as high as $141.43 and last traded at $140.9360, with a volume of 450 shares trading hands. The stock had previously closed at $139.81.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.4%

The business has a 50-day simple moving average of $137.07 and a two-hundred day simple moving average of $130.48. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 17.76 and a beta of 0.94.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.2669 dividend. This represents a $1.07 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, June 25th.

Institutional Investors Weigh In On First Trust Large Cap Core AlphaDEX Fund

Several hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its stake in First Trust Large Cap Core AlphaDEX Fund by 6,734.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,211,423 shares of the company's stock valued at $499,559,000 after purchasing an additional 4,149,805 shares during the last quarter. Janney Montgomery Scott LLC grew its position in First Trust Large Cap Core AlphaDEX Fund by 0.9% during the first quarter. Janney Montgomery Scott LLC now owns 511,453 shares of the company's stock worth $62,360,000 after buying an additional 4,338 shares in the last quarter. Bank of America Corp DE increased its stake in First Trust Large Cap Core AlphaDEX Fund by 3.0% during the first quarter. Bank of America Corp DE now owns 234,821 shares of the company's stock valued at $28,631,000 after acquiring an additional 6,936 shares during the period. Royal Bank of Canada increased its stake in First Trust Large Cap Core AlphaDEX Fund by 31.5% during the fourth quarter. Royal Bank of Canada now owns 225,417 shares of the company's stock valued at $26,738,000 after acquiring an additional 53,976 shares during the period. Finally, UBS Group AG raised its holdings in First Trust Large Cap Core AlphaDEX Fund by 3.2% in the 3rd quarter. UBS Group AG now owns 203,482 shares of the company's stock valued at $23,771,000 after acquiring an additional 6,315 shares in the last quarter.

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. 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.

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