First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Hits New 12-Month High – Time to Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $104.89 and last traded at $104.84, with a volume of 1483 shares changing hands. The stock had previously closed at $103.49.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 13.54 and a beta of 0.79. The business’s 50 day moving average price is $99.24 and its 200 day moving average price is $95.55.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.3389 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.36 dividend on an annualized basis and a yield of 1.3%.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 46.3% during the 1st quarter. Jones Financial Companies Lllp now owns 6,893 shares of the company’s stock worth $529,000 after acquiring an additional 2,180 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 211.6% in the 2nd quarter. Baird Financial Group Inc. now owns 31,020 shares of the company’s stock valued at $2,439,000 after purchasing an additional 21,066 shares in the last quarter. Cresset Asset Management LLC purchased a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the 2nd quarter valued at about $208,000. NewEdge Advisors LLC increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 2.3% in the 2nd quarter. NewEdge Advisors LLC now owns 25,983 shares of the company’s stock valued at $2,043,000 after purchasing an additional 583 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 12.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,451 shares of the company’s stock worth $271,000 after purchasing an additional 389 shares during the period.

About First Trust Large Cap Value AlphaDEX Fund

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.