First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sets New 1-Year High Following Dividend Announcement

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) reached a new 52-week high during trading on Thursday following a dividend announcement from the company. The company traded as high as $139.75 and last traded at $139.3210, with a volume of 1412 shares. The stock had previously closed at $137.82.

The newly announced dividend which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.2669 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, June 25th.

First Trust Large Cap Core AlphaDEX Fund Stock Up 1.3%

The firm has a market capitalization of $1.60 billion, a P/E ratio of 17.76 and a beta of 0.95. The business’s 50-day simple moving average is $132.91 and its 200 day simple moving average is $126.46.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Ankerstar Wealth LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund in the fourth quarter worth $27,000. Washington Trust Advisors Inc. bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the third quarter valued at about $40,000. Wealth Watch Advisors INC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the third quarter valued at about $61,000. CIBC Private Wealth Group LLC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the third quarter worth about $62,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 447.2% in the fourth quarter. Farther Finance Advisors LLC now owns 673 shares of the company’s stock worth $80,000 after buying an additional 550 shares during the period.

About First Trust Large Cap Core AlphaDEX Fund

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.