First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sets New 12-Month High - Time to Buy?

Key Points

• The First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) reached a new 52-week high of $158.04 during recent trading, reflecting a strong market performance.
• The fund has increased its quarterly dividend from $0.04 to $0.1122, providing investors with a 0.3% yield.
• Institutional investors have actively participated, with multiple firms purchasing new stakes, indicating growing interest in the fund.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - )'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $158.04 and last traded at $157.53, with a volume of 1325 shares changing hands. The stock had previously closed at $156.67.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 0.8%

The company has a market capitalization of $1.24 billion, a PE ratio of 28.68 and a beta of 1.04. The firm's 50-day simple moving average is $153.00 and its 200-day simple moving average is $142.29.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a $0.1122 dividend. This is a positive change from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.04. The ex-dividend date of this dividend 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

Large investors have recently added to or reduced their stakes in the stock. Rossby Financial LCC purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 1st quarter valued at about $37,000. BankPlus Trust Department purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 2nd quarter valued at about $46,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $60,000. Hilltop National Bank purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the 2nd quarter worth approximately $104,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $133,000.

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).

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