First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Hits New 12-Month High - Time to Buy?

Key Points

• FTA reached a new 52-week high, trading as high as $104.89 and last changing hands at $104.84, up 0.8% from the prior close. Its market capitalization is $1.43 billion, with a P/E ratio of 13.54 and beta of 0.79.
• The ETF recently paid a quarterly dividend of $0.3389, equivalent to $1.36 annually and a 1.3% yield.
• Institutional interest has generally increased, with NewEdge Advisors raising its stake by 257.5%, while LPL Financial, Bank of America, Gateway Wealth Partners, and Royal Bank of Canada also added shares.

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - ) hit a new 52-week high on Wednesday . The stock traded as high as $104.89 and last traded at $104.84, with a volume of 1483 shares traded. The stock had previously closed at $103.49.

First Trust Large Cap Value AlphaDEX Fund Trading Up 0.8%

The business has a 50-day moving average price of $99.24 and a 200-day moving average price of $95.55. The firm has a market cap of $1.43 billion, a P/E ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.3389 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.36 dividend on an annualized basis and a yield of 1.3%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its position in First Trust Large Cap Value AlphaDEX Fund by 8.4% during the 4th quarter. LPL Financial LLC now owns 1,001,829 shares of the company's stock worth $86,305,000 after purchasing an additional 77,963 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 257.5% in the 4th quarter. NewEdge Advisors LLC now owns 99,385 shares of the company's stock valued at $8,562,000 after buying an additional 71,586 shares during the period. Bank of America Corp DE boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 12.8% in the first quarter. Bank of America Corp DE now owns 391,307 shares of the company's stock worth $36,137,000 after buying an additional 44,259 shares during the last quarter. Gateway Wealth Partners LLC boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 104.5% in the first quarter. Gateway Wealth Partners LLC now owns 69,377 shares of the company's stock worth $6,407,000 after buying an additional 35,449 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 9.3% during the fourth quarter. Royal Bank of Canada now owns 297,555 shares of the company's stock worth $25,634,000 after acquiring an additional 25,195 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Company Profile

The First Trust Large Cap Value AlphaDEX Fund (FTA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Large Cap Value index. The fund selects and weights value stocks using fundamental factors including sales, book value and cash flows. FTA was launched on May 8, 2007 and is managed by First Trust.

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