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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $149.48 and last traded at $149.22, with a volume of 5199 shares traded. The stock had previously closed at $148.52.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.18 billion, a P/E ratio of 27.19 and a beta of 1.04. The stock has a fifty day moving average price of $140.70 and a 200 day moving average price of $138.82.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 26th will be given a dividend of $0.1122 per share. The ex-dividend date of this dividend is Thursday, June 26th. This is a boost from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.04. This represents a $0.45 annualized dividend and a dividend yield of 0.30%.

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

A number of large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its stake in First Trust Large Cap Growth AlphaDEX Fund by 1.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 10,517 shares of the company's stock worth $1,382,000 after purchasing an additional 169 shares in the last quarter. Baird Financial Group Inc. raised its position 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 worth $20,853,000 after buying an additional 9,054 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 4.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 31,681 shares of the company's stock valued at $4,163,000 after buying an additional 1,407 shares during the period. HighTower Advisors LLC boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 1.7% during the first quarter. HighTower Advisors LLC now owns 8,886 shares of the company's stock valued at $1,168,000 after buying an additional 150 shares during the period. Finally, Elevation Capital Advisory LLC purchased a new position in First Trust Large Cap Growth AlphaDEX Fund during the first quarter worth about $7,501,000.

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).