First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sets New 1-Year High - Should You Buy?

Key Points

• The First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) reached a new 52-week high at $117.38, closing last at $116.70 with a trading volume of 14,602 shares.
• The fund has a market capitalization of $1.38 billion, a PE ratio of 17.76, and has shown significant interest from institutional investors, with several funds increasing their stakes in the second quarter.
• This ETF tracks the Defined Large Cap Core Index using an enhanced index methodology developed by Standard & Poor's, focused on selecting stocks from the S&P 500 Index.

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - ) reached a new 52-week high on Wednesday . The stock traded as high as $117.38 and last traded at $116.70, with a volume of 14602 shares traded. The stock had previously closed at $116.95.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The firm has a market cap of $1.38 billion, a PE ratio of 17.76 and a beta of 1.06. The stock's 50 day simple moving average is $113.82 and its 200 day simple moving average is $107.07.

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

Several hedge funds have recently added to or reduced their stakes in FEX. Milestones Private Investment Advisors LLC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter worth about $224,000. Osaic Holdings Inc. boosted 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 buying an additional 7,902 shares in the last quarter. Advisory Services Network LLC grew its position in 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 valued at $691,000 after acquiring an additional 879 shares during the last quarter. Hershey Financial Advisers LLC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the second quarter worth approximately $1,558,000. Finally, Captrust Financial Advisors raised its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 4.9% during the second 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.

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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