First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sets New 52-Week High - Still a Buy?

Key Points

• The First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) reached a new 52-week high at $117.19, with a last trade of $116.77 and a trading volume of 1156 shares.
• The fund has announced a quarterly dividend of $0.2708 per share, which represents an annualized yield of 0.9%.
• Several institutional investors increased their stakes in FEX during the first quarter, including Golden State Wealth Management LLC, which raised its stake by 93.8%.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $117.19 and last traded at $116.77, with a volume of 1156 shares changing hands. The stock had previously closed at $115.95.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.1%

The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 17.76 and a beta of 1.06. The stock's 50-day simple moving average is $113.58 and its two-hundred day simple moving average is $106.91.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FEX. Milestones Private Investment Advisors LLC acquired a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the second quarter valued at about $224,000. Osaic Holdings Inc. lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 3.6% during 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 in the last quarter. Advisory Services Network LLC boosted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 16.6% during the second quarter. Advisory Services Network LLC now owns 6,179 shares of the company's stock worth $691,000 after buying an additional 879 shares during the period. Hershey Financial Advisers LLC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter valued at $1,558,000. Finally, Captrust Financial Advisors lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 4.9% during the 2nd quarter. Captrust Financial Advisors now owns 16,173 shares of the company's stock worth $1,778,000 after acquiring an additional 751 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.