First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sets New 12-Month High – Time to Buy?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) reached a new 52-week high on Monday . The stock traded as high as $193.02 and last traded at $194.0910, with a volume of 11353 shares trading hands. The stock had previously closed at $192.22.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The business’s 50-day moving average price is $177.29 and its 200-day moving average price is $166.78. The stock has a market cap of $1.43 billion, a P/E ratio of 28.68 and a beta of 1.15.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Northland Securities Inc. bought a new stake in First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter valued at about $249,000. U.S. Capital Wealth Advisors LLC lifted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 42,360 shares of the company’s stock valued at $6,772,000 after acquiring an additional 885 shares in the last quarter. Fifth Third Securities Inc. boosted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 9.9% in the fourth quarter. Fifth Third Securities Inc. now owns 6,529 shares of the company’s stock worth $1,044,000 after acquiring an additional 590 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter worth about $176,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter worth about $460,000.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

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.