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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as $152.89 and last traded at $152.73, with a volume of 14350 shares. The stock had previously closed at $151.30.

First Trust Large Cap Growth AlphaDEX Fund Stock Down 0.2%

The stock's 50-day moving average price is $146.28 and its 200-day moving average price is $139.93. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 28.68 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The firm 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. This represents a $0.45 dividend on an annualized basis and a dividend yield of 0.29%. This is an increase 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.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FTC. Janney Montgomery Scott LLC boosted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.5% in the first quarter. Janney Montgomery Scott LLC now owns 447,862 shares of the company's stock valued at $58,849,000 after buying an additional 10,746 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 95.1% in the 1st 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 during the period. Raymond James Financial Inc. acquired a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at about $27,798,000. Baird Financial Group Inc. lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 6.1% in the first quarter. Baird Financial Group Inc. now owns 158,701 shares of the company's stock valued at $20,853,000 after purchasing an additional 9,054 shares in the last quarter. Finally, CX Institutional lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 22.4% in the second quarter. CX Institutional now owns 114,984 shares of the company's stock valued at $17,359,000 after purchasing an additional 21,013 shares in the last quarter.

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).