First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Reaches New 12-Month High - What's Next?

Key Points

• 52-week high: NASDAQ:FTC hit a new 52-week high of $172.73 (last trade $171.57) on Tuesday with ~28,591 shares traded, and the fund has a market cap of $1.27 billion, P/E of 28.68 and 50-/200-day SMAs near $161.5, suggesting a price breakout.
• Dividend increase: The fund raised its quarterly dividend to $0.0607 (from $0.03), paid March 31 with an ex-dividend date of March 26, equivalent to a $0.24 annualized payout and a 0.1% yield.
• Institutional inflows: Several institutions boosted positions—most notably Raymond James (+37.8%, +73,618 shares)—indicating growing institutional interest in the fund.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - )'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $172.73 and last traded at $171.57, with a volume of 28591 shares. The stock had previously closed at $171.73.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 28.68 and a beta of 1.14. The company has a 50-day simple moving average of $161.57 and a two-hundred day simple moving average of $161.47.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 0.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 444,932 shares of the company's stock worth $71,134,000 after acquiring an additional 3,375 shares during the period. Raymond James Financial Inc. boosted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 37.8% during the 2nd quarter. Raymond James Financial Inc. now owns 268,160 shares of the company's stock worth $40,484,000 after acquiring an additional 73,618 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 0.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 192,639 shares of the company's stock worth $30,949,000 after acquiring an additional 573 shares during the period. Bank of America Corp DE boosted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.8% during the 2nd quarter. Bank of America Corp DE now owns 154,077 shares of the company's stock worth $23,261,000 after acquiring an additional 4,127 shares during the period. Finally, CX Institutional boosted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.6% during the 4th quarter. CX Institutional now owns 107,778 shares of the company's stock worth $17,231,000 after acquiring 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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