First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sets New 12-Month High - Should You Buy?

Key Points

• The First Trust Large Cap Value AlphaDEX Fund (NASDAQ: FTA) has reached a new 52-week high of $84.09, with a market capitalization of $1.16 billion and a price-to-earnings ratio of 13.54.
• The fund recently announced an increase in its quarterly dividend to $0.4007, resulting in an annualized dividend of $1.60 and a yield of 1.9%.
• Several institutional investors have recently increased their holdings in FTA, with CWM LLC boosting its stake by 27.2% during the second quarter.

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - )'s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $84.09 and last traded at $84.09, with a volume of 888 shares trading hands. The stock had previously closed at $83.78.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The company has a 50 day moving average of $81.84 and a 200 day moving average of $77.93. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 13.54 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.4007 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Thursday, September 25th. This is a positive change from First Trust Large Cap Value AlphaDEX Fund's previous quarterly dividend of $0.31.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Apollon Wealth Management LLC boosted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 4.0% during the second quarter. Apollon Wealth Management LLC now owns 4,549 shares of the company's stock valued at $358,000 after acquiring an additional 176 shares during the period. HBW Advisory Services LLC grew its position in First Trust Large Cap Value AlphaDEX Fund by 4.2% in the 2nd quarter. HBW Advisory Services LLC now owns 4,621 shares of the company's stock worth $363,000 after purchasing an additional 185 shares during the last quarter. MML Investors Services LLC increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 0.8% in the second quarter. MML Investors Services LLC now owns 23,804 shares of the company's stock valued at $1,872,000 after purchasing an additional 185 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 1.5% during the second quarter. Stratos Wealth Partners LTD. now owns 14,660 shares of the company's stock valued at $1,153,000 after buying an additional 212 shares during the last quarter. Finally, CWM LLC boosted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 27.2% during the second quarter. CWM LLC now owns 1,492 shares of the company's stock worth $117,000 after buying an additional 319 shares during the period.

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.

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