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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA)’s share price reached a new 52-week high on Wednesday . The company traded as high as $89.23 and last traded at $89.08, with a volume of 32667 shares traded. The stock had previously closed at $88.37.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.8%

The company’s 50 day simple moving average is $85.57 and its 200-day simple moving average is $83.11. The firm has a market cap of $1.22 billion, a P/E ratio of 13.54 and a beta of 0.91.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.5233 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vestmark Advisory Solutions Inc. lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 78.9% during the second quarter. Vestmark Advisory Solutions Inc. now owns 202,848 shares of the company’s stock worth $15,950,000 after purchasing an additional 89,450 shares during the last quarter. Bank of America Corp DE increased its stake in First Trust Large Cap Value AlphaDEX Fund by 13.4% in the 2nd quarter. Bank of America Corp DE now owns 342,742 shares of the company’s stock worth $26,950,000 after buying an additional 40,412 shares during the period. Assetmark Inc. lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 22.7% during the 2nd quarter. Assetmark Inc. now owns 131,282 shares of the company’s stock valued at $10,323,000 after buying an additional 24,273 shares in the last quarter. Triton Wealth Management PLLC bought a new stake in First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter valued at about $1,914,000. Finally, Baird Financial Group Inc. boosted its position in First Trust Large Cap Value AlphaDEX Fund by 211.6% in the 2nd quarter. Baird Financial Group Inc. now owns 31,020 shares of the company’s stock valued at $2,439,000 after buying an additional 21,066 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.