First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Hits New 12-Month High – Here’s Why

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $124.36 and last traded at $123.96, with a volume of 2434 shares changing hands. The stock had previously closed at $123.54.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.4%

The company has a market cap of $1.42 billion, a PE ratio of 17.76 and a beta of 0.99. The stock’s 50 day simple moving average is $119.05 and its two-hundred day simple moving average is $116.23.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.4092 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.64 annualized dividend and a dividend yield of 1.3%. This is an increase from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.32.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FEX. Bessemer Group Inc. acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter valued at approximately $218,000. Sebold Capital Management Inc. increased its position in shares of First Trust Large Cap Core AlphaDEX Fund by 13.2% in the 2nd quarter. Sebold Capital Management Inc. now owns 5,497 shares of the company’s stock worth $604,000 after purchasing an additional 640 shares during the last quarter. HBK Sorce Advisory LLC increased its position in shares of First Trust Large Cap Core AlphaDEX Fund by 0.8% in the 2nd quarter. HBK Sorce Advisory LLC now owns 185,300 shares of the company’s stock worth $20,376,000 after purchasing an additional 1,406 shares during the last quarter. Winebrenner Capital Management LLC acquired a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter valued at about $238,000. Finally, KPP Advisory Services LLC lifted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 7.2% during the second quarter. KPP Advisory Services LLC now owns 30,992 shares of the company’s stock worth $3,408,000 after purchasing an additional 2,075 shares during the last quarter.

About First Trust Large Cap Core AlphaDEX Fund

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.