First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sets New 1-Year High – Still a Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $99.38 and last traded at $99.3650, with a volume of 575 shares changing hands. The stock had previously closed at $98.13.

First Trust Large Cap Value AlphaDEX Fund Stock Up 1.4%

The company’s fifty day simple moving average is $95.84 and its two-hundred day simple moving average is $93.31. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.3389 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.4%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTA. Eastern Bank acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter worth about $32,000. Main Street Group LTD bought a new stake in First Trust Large Cap Value AlphaDEX Fund during the 1st quarter worth approximately $33,000. Cullen Frost Bankers Inc. raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 51.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock worth $39,000 after buying an additional 154 shares during the period. Smartleaf Asset Management LLC lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 282.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock valued at $49,000 after buying an additional 415 shares in the last quarter. Finally, Smithfield Trust Co boosted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 20.0% in the fourth quarter. Smithfield Trust Co now owns 720 shares of the company’s stock valued at $62,000 after buying an additional 120 shares during the period.

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.