First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Hits New 52-Week High – Here’s What Happened

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $182.28 and last traded at $182.28, with a volume of 429 shares changing hands. The stock had previously closed at $177.44.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The company has a market capitalization of $1.35 billion, a PE ratio of 28.68 and a beta of 1.14. The company has a 50 day moving average price of $166.17 and a 200 day moving average price of $163.05.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.0607 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 26th.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arax Advisory Partners bought a new position in First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at about $26,000. GPS Wealth Strategies Group LLC grew its holdings in First Trust Large Cap Growth AlphaDEX Fund by 39.8% during the third quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company’s stock worth $36,000 after acquiring an additional 64 shares during the period. Flagship Harbor Advisors LLC acquired a new position in First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter worth about $176,000. HRT Financial LP acquired a new position in First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter worth about $202,000. Finally, Missouri Trust & Investment Co acquired a new position in First Trust Large Cap Growth AlphaDEX Fund during the third quarter worth about $229,000.

About First Trust Large Cap Growth AlphaDEX Fund

First Trust Large Cap Growth AlphaDEX Fund (the Fund), formerly First Trust Large Cap Growth Opportunities AlphaDEX Fund, is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Growth 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 Growth Index.