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

Key Points

• FTA reached a new 52-week high, trading as high as $103.35 and last changing hands near $103.44. The ETF has a $1.42 billion market capitalization, a 13.54 price-to-earnings ratio, and trades above both its 50-day and 200-day moving averages.
• The fund paid a quarterly dividend of $0.3389 per share, equivalent to an annualized dividend of about $1.36 and a 1.3% yield.
• Several institutional investors recently initiated or increased positions in FTA, while the ETF continues to track a large-cap value index using factors such as sales, book value, and cash flow.

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - )'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $103.35 and last traded at $103.4410, with a volume of 482 shares changing hands. The stock had previously closed at $102.81.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.42 billion, a PE ratio of 13.54 and a beta of 0.79. The stock's 50-day moving average price is $98.63 and its 200 day moving average price is $95.15.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.3389 per share. This represents a $1.36 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Large Cap Value AlphaDEX Fund

Several institutional investors have recently made changes to their positions in the company. Eastern Bank purchased a new stake in First Trust Large Cap Value AlphaDEX Fund in the second quarter worth about $32,000. Main Street Group LTD purchased a new position in First Trust Large Cap Value AlphaDEX Fund during the 1st quarter valued at about $33,000. Cullen Frost Bankers Inc. increased its position 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 valued at $39,000 after purchasing an additional 154 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 282.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 562 shares of the company's stock valued at $49,000 after purchasing an additional 415 shares in the last quarter. Finally, Smithfield Trust Co raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 20.0% in the 4th quarter. Smithfield Trust Co now owns 720 shares of the company's stock valued at $62,000 after purchasing an additional 120 shares in the last quarter.

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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