First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Reaches New 12-Month High – Time to Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $99.32 and last traded at $98.63, with a volume of 56261 shares changing hands. The stock had previously closed at $98.06.

First Trust Large Cap Value AlphaDEX Fund Trading Up 0.6%

The firm has a fifty day simple moving average of $95.41 and a 200-day simple moving average of $92.82. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 13.54 and a beta of 0.79.

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First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.3389 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.36 annualized dividend and a dividend yield of 1.4%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of FTA. Eastern Bank acquired a new stake in First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter worth $32,000. Main Street Group LTD bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the 1st quarter worth $33,000. Cullen Frost Bankers Inc. boosted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 51.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock worth $39,000 after purchasing an additional 154 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of 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 worth $49,000 after purchasing an additional 415 shares during the period. Finally, Smithfield Trust Co grew its stake in shares of 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 worth $62,000 after purchasing an additional 120 shares during the period.

About First Trust Large Cap Value AlphaDEX Fund

(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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