First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Share Price Passes Below 50-Day Moving Average - Time to Sell?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $138.04 and traded as low as $137.65. First Trust Large Cap Core AlphaDEX Fund shares last traded at $138.1420, with a volume of 11,980 shares changing hands.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.59 billion, a P/E ratio of 17.76 and a beta of 0.94. The stock's fifty day simple moving average is $138.04 and its 200 day simple moving average is $132.30.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.2669 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.8%.

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

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 9.4% during the first quarter. Jones Financial Companies Lllp now owns 4,148 shares of the company's stock valued at $425,000 after buying an additional 356 shares during the last quarter. NewEdge Advisors LLC raised its stake in First Trust Large Cap Core AlphaDEX Fund by 27.5% in the 2nd quarter. NewEdge Advisors LLC now owns 6,284 shares of the company's stock worth $691,000 after acquiring an additional 1,355 shares during the last quarter. Bank of America Corp DE lifted its position in First Trust Large Cap Core AlphaDEX Fund by 4.9% during the 2nd quarter. Bank of America Corp DE now owns 226,970 shares of the company's stock worth $24,958,000 after acquiring an additional 10,567 shares during the period. Captrust Financial Advisors lifted its position in First Trust Large Cap Core AlphaDEX Fund by 4.9% during the 2nd quarter. Captrust Financial Advisors now owns 16,173 shares of the company's stock worth $1,778,000 after acquiring an additional 751 shares during the period. Finally, Advisory Services Network LLC lifted its position in First Trust Large Cap Core AlphaDEX Fund by 16.6% during the 2nd quarter. Advisory Services Network LLC now owns 6,179 shares of the company's stock worth $691,000 after acquiring an additional 879 shares during the period.

First Trust Large Cap Core AlphaDEX Fund Company Profile

First Trust Large Cap Core AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Core Index (the Index). The Index is an enhanced index created and administered by Standard & Poor's, which employs the AlphaDEX stock selection methodology to select stocks from the S&P 500 Index. Standard & Poor's constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.

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