First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Hits New 52-Week High – Time to Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $108.20 and last traded at $108.12, with a volume of 3247 shares changing hands. The stock had previously closed at $105.11.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The company has a 50 day simple moving average of $103.67 and a two-hundred day simple moving average of $99.70. The company has a market cap of $1.33 billion, a PE ratio of 17.45 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.3502 dividend. This is a boost from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, September 26th. This represents a $1.40 annualized dividend and a dividend yield of 1.29%.

Institutional Investors Weigh In On First Trust Large Cap Core AlphaDEX Fund

Large investors have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in First Trust Large Cap Core AlphaDEX Fund by 10,315.2% in the 3rd quarter. International Assets Investment Management LLC now owns 178,620 shares of the company’s stock worth $18,607,000 after purchasing an additional 176,905 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the first quarter valued at approximately $7,086,000. Osaic Holdings Inc. increased its position in shares of First Trust Large Cap Core AlphaDEX Fund by 33.0% during the first quarter. Osaic Holdings Inc. now owns 200,762 shares of the company’s stock valued at $19,924,000 after purchasing an additional 49,867 shares during the period. Kestra Advisory Services LLC increased its position in shares of First Trust Large Cap Core AlphaDEX Fund by 31.5% during the first quarter. Kestra Advisory Services LLC now owns 185,278 shares of the company’s stock valued at $18,387,000 after purchasing an additional 44,329 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of First Trust Large Cap Core AlphaDEX Fund by 344.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 49,718 shares of the company’s stock valued at $4,822,000 after purchasing an additional 38,544 shares during the period.

First Trust Large Cap Core AlphaDEX Fund Company Profile

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