First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sets New 1-Year High - Time to Buy?

Key Points

• The First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) recently achieved a new 52-week high at $160.78, with the last trading price at $160.74.
• The fund increased its quarterly dividend to $0.1122 from the previous $0.04, representing an annual yield of 0.3%.
• Several institutional investors, including Wealthcare Advisory Partners and CX Institutional, significantly boosted their positions in the fund during the first quarter.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - )'s share price reached a new 52-week high on Wednesday . The stock traded as high as $160.78 and last traded at $160.74, with a volume of 546 shares trading hands. The stock had previously closed at $159.06.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 28.68 and a beta of 1.04. The business has a fifty day moving average of $154.67 and a 200 day moving average of $142.86.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

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

Institutional Investors Weigh In On First Trust Large Cap Growth AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC boosted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 12.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,925 shares of the company's stock worth $647,000 after purchasing an additional 562 shares during the period. Farther Finance Advisors LLC boosted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 9.3% during the first quarter. Farther Finance Advisors LLC now owns 9,497 shares of the company's stock worth $1,263,000 after buying an additional 807 shares during the period. Focus Financial Network Inc. acquired a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the first quarter valued at $747,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 18.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,164 shares of the company's stock valued at $437,000 after buying an additional 498 shares in the last quarter. Finally, CX Institutional lifted its stake in First Trust Large Cap Growth AlphaDEX Fund by 61.8% during the 1st quarter. CX Institutional now owns 93,971 shares of the company's stock worth $12,348,000 after acquiring an additional 35,892 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).

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