First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Reaches New 1-Year High - Here's What Happened

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $154.49 and last traded at $154.49, with a volume of 12140 shares traded. The stock had previously closed at $154.00.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The firm has a 50 day moving average price of $147.03 and a 200-day moving average price of $140.20. The company has a market cap of $1.21 billion, a P/E ratio of 28.68 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a $0.1122 dividend. The ex-dividend date was Thursday, June 26th. This is a positive change 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 0.29%.

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

Several hedge funds and other institutional investors have recently modified their holdings of FTC. Raymond James Financial Inc. bought a new position in First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter valued at about $27,798,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 95.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 229,951 shares of the company's stock worth $30,216,000 after purchasing an additional 112,072 shares in the last quarter. Elevation Capital Advisory LLC bought a new position in First Trust Large Cap Growth AlphaDEX Fund in the 1st quarter valued at $7,501,000. GAMMA Investing LLC increased its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 12,171.6% in the 1st quarter. GAMMA Investing LLC now owns 42,705 shares of the company's stock valued at $5,611,000 after buying an additional 42,357 shares during the period. Finally, CX Institutional lifted its position in First Trust Large Cap Growth AlphaDEX Fund by 61.8% during the 1st quarter. CX Institutional now owns 93,971 shares of the company's stock valued at $12,348,000 after purchasing an additional 35,892 shares during the period.

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).

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.