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 – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $97.58 and last traded at $97.42, with a volume of 18247 shares. The stock had previously closed at $97.42.

First Trust Large Cap Value AlphaDEX Fund Stock Down 0.1%

The company has a 50-day moving average of $94.36 and a 200 day moving average of $91.50. The firm has a market capitalization of $1.33 billion, a PE ratio of 13.54 and a beta of 0.79.

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First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.3622 dividend. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, March 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FTA. Main Street Group LTD bought a new position in First Trust Large Cap Value AlphaDEX Fund during the first quarter valued at approximately $33,000. Cullen Frost Bankers Inc. grew its position in First Trust Large Cap Value AlphaDEX Fund by 51.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock valued at $39,000 after acquiring an additional 154 shares during the last quarter. Clear Investment Research LLC bought a new position in First Trust Large Cap Value AlphaDEX Fund during the third quarter valued at approximately $44,000. Smartleaf Asset Management LLC grew its position in First Trust Large Cap Value AlphaDEX Fund by 282.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock valued at $49,000 after acquiring an additional 415 shares during the last quarter. Finally, Smithfield Trust Co grew its position in First Trust Large Cap Value AlphaDEX Fund by 20.0% during the fourth quarter. Smithfield Trust Co now owns 720 shares of the company’s stock valued at $62,000 after acquiring an additional 120 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Company Profile

(Get Free Report)

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.

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