First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sets New 52-Week High – Here’s Why

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $178.56 and last traded at $179.03, with a volume of 1991 shares trading hands. The stock had previously closed at $176.42.

First Trust Large Cap Growth AlphaDEX Fund Stock Up 1.6%

The company has a market cap of $1.33 billion, a price-to-earnings ratio of 28.68 and a beta of 1.14. The firm’s 50 day simple moving average is $162.33 and its 200 day simple moving average is $161.79.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.0607 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Arax Advisory Partners acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter valued at $26,000. GPS Wealth Strategies Group LLC increased its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 39.8% during the third quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company’s stock valued at $36,000 after acquiring an additional 64 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter valued at approximately $176,000. HRT Financial LP acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter valued at approximately $202,000. Finally, Missouri Trust & Investment Co acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the third quarter valued at approximately $229,000.

About First Trust Large Cap Growth AlphaDEX Fund

First Trust Large Cap Growth AlphaDEX Fund (the Fund), formerly First Trust Large Cap Growth Opportunities AlphaDEX Fund, is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Growth 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 Growth Index.