First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sets New 12-Month High - Here's Why

Key Points

• FTA hit a new 52-week high, trading as high as $95.64 (last $95.5840) on Monday with about 3,282 shares changing hands; the fund has a market cap of $1.31 billion, a P/E of 13.54 and a beta of 0.85.
• The fund paid a quarterly dividend of $0.3622 on March 31, which annualizes to $1.45 and represents a 1.5% dividend yield.
• First Trust Large Cap Value AlphaDEX Fund is an ETF (launched in 2007) that tracks the NASDAQ AlphaDEX Large Cap Value index and selects/value-weights stocks using fundamental factors like sales, book value and cash flows.

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - )'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $95.64 and last traded at $95.5840, with a volume of 3282 shares. The stock had previously closed at $95.13.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The business has a 50-day moving average of $93.14 and a 200-day moving average of $88.37. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 13.54 and a beta of 0.85.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.3622 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.5%.

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

A number of hedge funds have recently bought and sold shares of the stock. Smithfield Trust Co grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 20.0% during the 4th quarter. Smithfield Trust Co now owns 720 shares of the company's stock worth $62,000 after acquiring an additional 120 shares in the last quarter. D.A. Davidson & CO. grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 0.3% during the 3rd quarter. D.A. Davidson & CO. now owns 38,259 shares of the company's stock worth $3,188,000 after acquiring an additional 133 shares in the last quarter. Moloney Securities Asset Management LLC grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 5.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 2,702 shares of the company's stock worth $225,000 after acquiring an additional 139 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 51.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company's stock worth $39,000 after acquiring an additional 154 shares in the last quarter. Finally, REAP Financial Group LLC raised its stake in First Trust Large Cap Value AlphaDEX Fund by 5.6% in the third quarter. REAP Financial Group LLC now owns 3,260 shares of the company's stock valued at $272,000 after buying an additional 173 shares in the last quarter.

About First Trust Large Cap Value AlphaDEX Fund

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.