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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $99.32 and last traded at $98.63, with a volume of 56261 shares. The stock had previously closed at $98.06.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.6%

The stock has a fifty day simple moving average of $95.41 and a 200-day simple moving average of $92.82. The company has a market capitalization of $1.35 billion, a P/E ratio of 13.54 and a beta of 0.79.

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. This represents a $1.36 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Several hedge funds have recently modified their holdings of the company. Eastern Bank bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the second quarter valued at approximately $32,000. Main Street Group LTD acquired a new stake in First Trust Large Cap Value AlphaDEX Fund during the 1st quarter valued at $33,000. Cullen Frost Bankers Inc. increased 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 purchasing an additional 154 shares in the last quarter. Smartleaf Asset Management LLC raised its position in First Trust Large Cap Value AlphaDEX Fund by 282.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock valued at $49,000 after purchasing an additional 415 shares during the last quarter. Finally, Smithfield Trust Co raised its position in First Trust Large Cap Value AlphaDEX Fund by 20.0% in the 4th quarter. Smithfield Trust Co now owns 720 shares of the company’s stock valued at $62,000 after purchasing an additional 120 shares during the last quarter.

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.