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:FTA) 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 changing hands. The stock had previously closed at $95.67.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.7%

The firm has a 50-day simple moving average of $93.98 and a 200-day simple moving average of $91.11. The stock has a market cap of $1.31 billion, a PE ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors 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 dividend on an annualized basis and a yield of 1.5%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 558.1% during the first quarter. Parallel Advisors LLC now owns 14,879 shares of the company’s stock valued at $1,374,000 after buying an additional 12,618 shares during the period. NewEdge Advisors LLC boosted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 57.1% in the first quarter. NewEdge Advisors LLC now owns 156,182 shares of the company’s stock valued at $14,423,000 after acquiring an additional 56,797 shares during the period. Bank of America Corp DE grew its stake in First Trust Large Cap Value AlphaDEX Fund by 12.8% during the first quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock valued at $36,137,000 after acquiring an additional 44,259 shares in the last quarter. Arkadios Wealth Advisors grew its stake in First Trust Large Cap Value AlphaDEX Fund by 8.8% during the first quarter. Arkadios Wealth Advisors now owns 14,562 shares of the company’s stock valued at $1,345,000 after acquiring an additional 1,180 shares in the last quarter. Finally, IFS Group LLC bought a new stake in First Trust Large Cap Value AlphaDEX Fund during the 1st quarter worth approximately $576,000.

First Trust Large Cap Value AlphaDEX Fund Company Profile

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.