First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Hits New 52-Week High - Time to Buy?

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $151.70 and last traded at $151.61, with a volume of 4247 shares. The stock had previously closed at $150.30.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 0.8%

The business's 50 day moving average is $142.95 and its 200 day moving average is $139.12. The stock has a market capitalization of $1.18 billion, a PE ratio of 27.19 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a dividend of $0.1122 per share. The ex-dividend date of this dividend was Thursday, June 26th. This is a boost from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.04. This represents a $0.45 dividend on an annualized basis and a dividend yield of 0.30%.

Hedge Funds Weigh In On First Trust Large Cap Growth AlphaDEX Fund

A number of large investors have recently made changes to their positions in the company. Rossby Financial LCC purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 1st quarter valued at about $37,000. Pillar Financial Advisors LLC purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $60,000. Mpwm Advisory Solutions LLC purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $60,000. Centaurus Financial Inc. purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $133,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $138,000.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

First Trust Large Cap Growth AlphaDEX Fund (the Fund), formerly First Trust Large Cap Growth Opportunities AlphaDEX Fund, is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Growth Index (the Index).