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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) hit a new 52-week high during trading on Monday . The company traded as high as $97.58 and last traded at $97.42, with a volume of 18247 shares trading hands. The stock had previously closed at $97.42.

First Trust Large Cap Value AlphaDEX Fund Trading Down 0.1%

The company has a market capitalization of $1.33 billion, a PE ratio of 13.54 and a beta of 0.79. The firm has a fifty day moving average of $94.36 and a two-hundred day moving average of $91.50.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.3622 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.45 annualized dividend and a yield of 1.5%.

Institutional Investors Weigh In On First Trust Large Cap Value AlphaDEX Fund

Several institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 558.1% during the 1st quarter. Parallel Advisors LLC now owns 14,879 shares of the company’s stock valued at $1,374,000 after acquiring an additional 12,618 shares during the period. NewEdge Advisors LLC boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 57.1% during the 1st quarter. NewEdge Advisors LLC now owns 156,182 shares of the company’s stock valued at $14,423,000 after acquiring an additional 56,797 shares during the period. Bank of America Corp DE boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 12.8% during the 1st quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock valued at $36,137,000 after acquiring an additional 44,259 shares during the period. Arkadios Wealth Advisors boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 8.8% during the 1st quarter. Arkadios Wealth Advisors now owns 14,562 shares of the company’s stock valued at $1,345,000 after acquiring an additional 1,180 shares during the period. Finally, IFS Group LLC purchased a new stake in First Trust Large Cap Value AlphaDEX Fund during the 1st quarter valued at about $576,000.

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.