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

Key Points

• New 52‑week high: FTC traded as high as $167.98 (last $166.98) on Tuesday, up about 1.2%, with a market cap of $1.24 billion, a P/E of 28.68 and 50‑/200‑day moving averages near $159.76/$160.68.
• Dividend increase: The fund raised its quarterly dividend to $0.0607 from $0.03 (ex‑dividend March 26, paid March 31), implying a $0.24 annualized payout and roughly a 0.1% yield.
• Institutional buying: Several firms—including Janney Montgomery Scott and Raymond James (which raised its stake 37.8%)—have recently increased their positions in the fund.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - ) shares reached a new 52-week high on Tuesday . The stock traded as high as $167.98 and last traded at $166.9790, with a volume of 420 shares changing hands. The stock had previously closed at $164.20.

First Trust Large Cap Growth AlphaDEX Fund Stock Up 1.2%

The company has a market cap of $1.24 billion, a P/E ratio of 28.68 and a beta of 1.15. The company's 50-day moving average is $159.76 and its two-hundred day moving average is $160.68.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0607 per share. The ex-dividend date was Thursday, March 26th. This is an increase from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a yield of 0.1%.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its position in First Trust Large Cap Growth AlphaDEX Fund by 0.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 444,932 shares of the company's stock valued at $71,134,000 after buying an additional 3,375 shares during the period. Raymond James Financial Inc. grew its position in First Trust Large Cap Growth AlphaDEX Fund by 37.8% during the second quarter. Raymond James Financial Inc. now owns 268,160 shares of the company's stock valued at $40,484,000 after buying an additional 73,618 shares during the period. Commonwealth Equity Services LLC grew its position in First Trust Large Cap Growth AlphaDEX Fund by 0.3% during the third quarter. Commonwealth Equity Services LLC now owns 192,639 shares of the company's stock valued at $30,949,000 after buying an additional 573 shares during the period. Bank of America Corp DE grew its position in First Trust Large Cap Growth AlphaDEX Fund by 2.8% during the second quarter. Bank of America Corp DE now owns 154,077 shares of the company's stock valued at $23,261,000 after buying an additional 4,127 shares during the period. Finally, CX Institutional grew its position in First Trust Large Cap Growth AlphaDEX Fund by 2.6% during the fourth quarter. CX Institutional now owns 107,778 shares of the company's stock valued at $17,231,000 after buying an additional 2,738 shares during the period.

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). 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 Growth Index.

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