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

Key Points

• The First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) reached a new 52-week high of $158.02 during mid-day trading, closing at $156.72 with a trading volume of 2,110 shares.
• The fund recently increased its quarterly dividend to $0.1122, marking a total annual yield of 0.3%, up from the previous dividend of $0.04.
• Institutional investors have shown increased interest, with firms like G&S Capital LLC and US Bancorp DE raising their stakes in the fund in recent months.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $158.02 and last traded at $156.72, with a volume of 2110 shares changing hands. The stock had previously closed at $157.19.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The stock's fifty day moving average price is $151.27 and its 200-day moving average price is $141.72. The firm has a market cap of $1.23 billion, a PE ratio of 28.68 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a dividend of $0.1122 per share. 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 dividend on an annualized basis and a yield of 0.3%.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several large investors have recently modified their holdings of the business. G&S Capital LLC boosted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.0% during the 2nd quarter. G&S Capital LLC now owns 7,161 shares of the company's stock valued at $1,081,000 after purchasing an additional 71 shares in the last quarter. US Bancorp DE boosted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 2.2% during the second quarter. US Bancorp DE now owns 3,729 shares of the company's stock worth $563,000 after buying an additional 80 shares in the last quarter. HighTower Advisors LLC grew its position in First Trust Large Cap Growth AlphaDEX Fund by 1.7% in the first quarter. HighTower Advisors LLC now owns 8,886 shares of the company's stock worth $1,168,000 after buying an additional 150 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 3.0% in the fourth quarter. JPMorgan Chase & Co. now owns 5,627 shares of the company's stock valued at $778,000 after buying an additional 165 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,517 shares of the company's stock valued at $1,382,000 after acquiring an additional 169 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).