First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Hits New 1-Year High – Here’s Why

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA – Get Free Report)’s share price 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 traded. The stock had previously closed at $103.72.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The company has a market cap of $1.47 billion, a price-to-earnings ratio of 13.54 and a beta of 0.80. The firm has a fifty day simple moving average of $100.25 and a 200 day simple moving average of $96.62.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.5259 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.10 dividend on an annualized basis 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 Investors Weigh In On First Trust Large Cap Value AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of FTA. Eastern Bank bought a new stake in First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter valued at approximately $32,000. Main Street Group LTD bought a new position in First Trust Large Cap Value AlphaDEX Fund in the 1st quarter worth approximately $33,000. Asset Dedication LLC bought a new position in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth approximately $33,000. NBH Bank acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter worth approximately $144,000. Finally, Continuum Advisory LLC acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter worth approximately $192,000.

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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