First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Hits New 1-Year High After Dividend Announcement

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) reached a new 52-week high on Thursday after the company announced a dividend. The company traded as high as $97.79 and last traded at $97.9050, with a volume of 3222 shares changing hands. The stock had previously closed at $96.88.

The newly announced dividend which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a $0.3389 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, June 25th.

First Trust Large Cap Value AlphaDEX Fund Stock Up 1.0%

The stock has a 50-day simple moving average of $94.83 and a two-hundred day simple moving average of $92.08. The firm has a market cap of $1.34 billion, a PE ratio of 13.54 and a beta of 0.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FTA. Main Street Group LTD bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the 1st quarter valued at $33,000. Cullen Frost Bankers Inc. boosted 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 valued at $39,000 after acquiring an additional 154 shares during the period. Smartleaf Asset Management LLC grew its position in First Trust Large Cap Value AlphaDEX Fund by 282.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock worth $49,000 after acquiring an additional 415 shares during the last quarter. Smithfield Trust Co grew its position in First Trust Large Cap Value AlphaDEX Fund by 20.0% during the 4th quarter. Smithfield Trust Co now owns 720 shares of the company’s stock worth $62,000 after acquiring an additional 120 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in First Trust Large Cap Value AlphaDEX Fund during the 4th quarter worth approximately $63,000.

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.