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

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 - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $116.08 and last traded at $115.69, with a volume of 10912 shares trading hands. The stock had previously closed at $115.41.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 17.76 and a beta of 1.06. The business has a fifty day moving average price of $113.17 and a 200 day moving average price of $106.56.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.2708 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FEX. Hantz Financial Services Inc. acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter valued at $34,000. Millstone Evans Group LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund during the 1st quarter worth about $42,000. IFG Advisory LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter worth about $207,000. Bessemer Group Inc. acquired a new stake in First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter worth about $218,000. Finally, Milestones Private Investment Advisors LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter worth about $224,000.

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.