First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sets New 52-Week High – Time to Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $121.21 and last traded at $121.0890, with a volume of 28617 shares traded. The stock had previously closed at $120.02.

First Trust Large Cap Core AlphaDEX Fund Stock Down 1.0%

The company’s fifty day moving average price is $117.83 and its two-hundred day moving average price is $115.32. The firm has a market cap of $1.41 billion, a PE ratio of 17.76 and a beta of 0.99.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.4092 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.64 dividend on an annualized basis and a yield of 1.3%. This is a boost from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.32.

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

Large investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter worth about $62,000. Susquehanna International Group LLP grew its position in shares of First Trust Large Cap Core AlphaDEX Fund by 34.7% in the third quarter. Susquehanna International Group LLP now owns 14,705 shares of the company’s stock valued at $1,718,000 after purchasing an additional 3,786 shares during the last quarter. Bank of America Corp DE grew its position in shares of First Trust Large Cap Core AlphaDEX Fund by 0.8% in the third quarter. Bank of America Corp DE now owns 228,883 shares of the company’s stock valued at $26,738,000 after purchasing an additional 1,913 shares during the last quarter. Creative Planning increased its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 7.1% during the 3rd quarter. Creative Planning now owns 16,215 shares of the company’s stock worth $1,894,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Equitable Holdings Inc. acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter worth approximately $349,000.

First Trust Large Cap Core AlphaDEX Fund Company Profile

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.