First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Reaches New 12-Month High – Still a Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX – Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $137.11 and last traded at $137.6690, with a volume of 3442 shares trading hands. The stock had previously closed at $136.13.

First Trust Large Cap Core AlphaDEX Fund Trading Up 1.0%

The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 17.76 and a beta of 0.95. The stock’s 50 day moving average is $130.51 and its 200 day moving average is $125.17.

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First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.2942 per share. This represents a $1.18 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Investors Weigh In On First Trust Large Cap Core AlphaDEX Fund

Several hedge funds have recently modified their holdings of FEX. Ankerstar Wealth LLC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth about $27,000. Washington Trust Advisors Inc. purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter worth about $40,000. Rossby Financial LCC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter worth about $54,000. Wealth Watch Advisors INC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter worth about $61,000. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter worth about $62,000.

About First Trust Large Cap Core AlphaDEX Fund

(Get Free Report)

First Trust Large Cap Core AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Core Index (the Index). The Index is an enhanced index created and administered by Standard & Poor’s, which employs the AlphaDEX stock selection methodology to select stocks from the S&P 500 Index. Standard & Poor’s constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.

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