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

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $105.00 and last traded at $105.00, with a volume of 204 shares. The stock had previously closed at $103.72.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 13.54 and a beta of 0.80. The company’s 50 day moving average is $100.25 and its 200 day moving average is $96.62.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.5259 dividend. The ex-dividend date was Thursday, September 24th. This represents a $2.10 annualized dividend and a yield of 2.0%. This is a positive change from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3389.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. StoneX Group Inc. bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the third quarter valued at about $218,000. Asset Dedication LLC acquired a new position in First Trust Large Cap Value AlphaDEX Fund in the third quarter worth about $33,000. International Assets Investment Management LLC raised its position in First Trust Large Cap Value AlphaDEX Fund by 35.5% in the third quarter. International Assets Investment Management LLC now owns 2,300 shares of the company’s stock worth $221,000 after purchasing an additional 602 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 569.2% during the third quarter. Kestra Advisory Services LLC now owns 137,083 shares of the company’s stock worth $13,064,000 after purchasing an additional 116,598 shares during the period. Finally, Commonwealth Equity Services LLC bought a new position in First Trust Large Cap Value AlphaDEX Fund during the third quarter worth about $8,421,000.

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.