First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Reaches New 12-Month High - Time to Buy?

Key Points

• The First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) recently achieved a new 52-week high of $157.02 before settling at $155.41 with a trading volume of 13,315 shares.
• The fund has declared an increased quarterly dividend of $0.1122 per share, markedly up from its previous dividend of $0.04, resulting in an annualized yield of 0.29%.
• Various institutional investors have shown interest, with JPMorgan Chase & Co. increasing its stake by 3% and Rockefeller Capital Management increasing its stake by nearly 30% in the last quarter.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $157.02 and last traded at $155.41, with a volume of 13315 shares trading hands. The stock had previously closed at $156.16.

First Trust Large Cap Growth AlphaDEX Fund Stock Down 1.7%

The firm's 50-day moving average price is $148.85 and its 200-day moving average price is $140.99. The company has a market cap of $1.20 billion, a P/E ratio of 28.68 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a dividend of $0.1122 per share. This is a boost from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.45 dividend on an annualized basis and a yield of 0.3%.

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

Institutional investors have recently made changes to their positions in the stock. Rossby Financial LCC purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the 1st quarter valued at $37,000. BankPlus Trust Department purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the 2nd quarter valued at $46,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at $60,000. Hilltop National Bank purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the 2nd quarter valued at $104,000. Finally, Centaurus Financial Inc. purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter valued at $133,000.

About First Trust Large Cap Growth AlphaDEX Fund

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).