First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Reaches New 12-Month High - Here's Why

Key Points

• The First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) reached a new 12-month high, trading at $116.08, with a recent closing price of $115.69.
• The fund recently cut its quarterly dividend to $0.2708, representing an annual yield of 0.9%.
• Institutional investors, including Osaic Holdings Inc. and Advisory Services Network LLC, have increased their stakes in the fund during the second quarter.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - ) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $116.08 and last traded at $115.69, with a volume of 10912 shares traded. The stock had previously closed at $115.41.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The company has a market cap of $1.37 billion, a PE ratio of 17.76 and a beta of 1.06. The company has a 50-day moving average of $112.86 and a 200 day moving average of $106.35.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a $0.2708 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.08 annualized dividend and a yield of 0.9%.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 3.6% in the second quarter. Osaic Holdings Inc. now owns 227,585 shares of the company's stock worth $25,029,000 after purchasing an additional 7,902 shares during the last quarter. Advisory Services Network LLC lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 16.6% in the second quarter. Advisory Services Network LLC now owns 6,179 shares of the company's stock worth $691,000 after purchasing an additional 879 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund in the second quarter worth about $1,558,000. Captrust Financial Advisors lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 4.9% in the second quarter. Captrust Financial Advisors now owns 16,173 shares of the company's stock worth $1,778,000 after purchasing an additional 751 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 4.9% in the second quarter. Bank of America Corp DE now owns 226,970 shares of the company's stock worth $24,958,000 after purchasing an additional 10,567 shares during 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.