First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sets New 12-Month High - Here's What Happened

Key Points

• The First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) reached a new 52-week high of $163.00, trading with a volume of 8,234 shares.
• The fund announced an increase in its quarterly dividend to $0.1324 per share, marking a boost from the previous $0.11.
• Prominent institutional investors such as Raymond James Financial Inc. and Cambridge Investment Research Advisors Inc. significantly increased their holdings in the fund during recent quarters.

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - ) reached a new 52-week high during trading on Wednesday . The company traded as high as $163.00 and last traded at $163.00, with a volume of 8234 shares trading hands. The stock had previously closed at $160.57.

First Trust Large Cap Growth AlphaDEX Fund Stock Up 1.3%

The business's 50-day moving average price is $157.95 and its 200 day moving average price is $146.48. The company has a market capitalization of $1.28 billion, a P/E ratio of 28.68 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a dividend of $0.1324 per share. The ex-dividend date was Thursday, September 25th. This is a boost from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.11. This represents a $0.53 annualized dividend and a yield of 0.3%.

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

Several hedge funds have recently bought and sold shares of FTC. Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 447,862 shares of the company's stock worth $58,849,000 after acquiring an additional 10,746 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 37.8% in 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 last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of 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 acquiring an additional 112,072 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 6.1% in the 1st quarter. Baird Financial Group Inc. now owns 158,701 shares of the company's stock worth $20,853,000 after acquiring an additional 9,054 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.8% in 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 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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