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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) reached a new 52-week high on Friday . The stock traded as high as $148.28 and last traded at $148.13, with a volume of 4198 shares trading hands. The stock had previously closed at $147.43.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 0.6 %

The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 21.72 and a beta of 1.04. The firm has a 50 day moving average price of $136.79 and a two-hundred day moving average price of $127.72.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.0999 per share. The ex-dividend date was Thursday, September 26th. This is a positive change from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05. This represents a $0.40 annualized dividend and a yield of 0.27%.

Hedge Funds Weigh In On First Trust Large Cap Growth AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Apollon Wealth Management LLC lifted its position in First Trust Large Cap Growth AlphaDEX Fund by 1.5% during the 2nd quarter. Apollon Wealth Management LLC now owns 16,905 shares of the company’s stock worth $2,071,000 after acquiring an additional 256 shares in the last quarter. RFG Advisory LLC lifted its position in First Trust Large Cap Growth AlphaDEX Fund by 4.4% during the 2nd quarter. RFG Advisory LLC now owns 3,955 shares of the company’s stock worth $485,000 after acquiring an additional 167 shares in the last quarter. Fifth Third Securities Inc. acquired a new position in First Trust Large Cap Growth AlphaDEX Fund during the 2nd quarter worth approximately $1,156,000. HFG Advisors Inc. lifted its position in First Trust Large Cap Growth AlphaDEX Fund by 1.6% during the 2nd quarter. HFG Advisors Inc. now owns 21,237 shares of the company’s stock worth $2,602,000 after acquiring an additional 335 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in First Trust Large Cap Growth AlphaDEX Fund by 4.8% during the 2nd quarter. Park Avenue Securities LLC now owns 9,661 shares of the company’s stock worth $1,184,000 after acquiring an additional 443 shares in the last quarter.

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).