First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sets New 52-Week High – Still a Buy?

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTAGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $96.60 and last traded at $96.2140, with a volume of 3698 shares traded. The stock had previously closed at $95.67.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The firm has a market capitalization of $1.31 billion, a P/E ratio of 13.54 and a beta of 0.79. The business has a 50 day simple moving average of $93.98 and a two-hundred day simple moving average of $91.11.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

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

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in FTA. IFP Advisors Inc grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 5.2% during the 3rd quarter. IFP Advisors Inc now owns 40,717 shares of the company’s stock valued at $3,393,000 after purchasing an additional 2,025 shares during the last quarter. IFG Advisory LLC raised its position in First Trust Large Cap Value AlphaDEX Fund by 16.8% in the 3rd quarter. IFG Advisory LLC now owns 5,467 shares of the company’s stock worth $456,000 after purchasing an additional 788 shares during the period. Rossby Financial LCC lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 36.1% in the third quarter. Rossby Financial LCC now owns 1,850 shares of the company’s stock worth $155,000 after purchasing an additional 491 shares during the last quarter. Holistic Financial Partners lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 1.4% in the third quarter. Holistic Financial Partners now owns 134,023 shares of the company’s stock worth $11,168,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Clear Investment Research LLC purchased a new stake in First Trust Large Cap Value AlphaDEX Fund during the third quarter valued at about $44,000.

About First Trust Large Cap Value AlphaDEX Fund

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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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