First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sets New 1-Year High – Here’s Why

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) shares reached a new 52-week high during trading on Monday . The stock traded as high as $121.21 and last traded at $121.0890, with a volume of 28617 shares changing hands. The stock had previously closed at $120.02.

First Trust Large Cap Core AlphaDEX Fund Trading Up 1.2%

The stock’s 50-day moving average is $117.60 and its 200-day moving average is $115.06. The stock has a market cap of $1.41 billion, a P/E ratio of 17.76 and a beta of 0.99.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.4092 dividend. This is a positive change from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, December 12th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.3%.

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

A number of large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the second quarter worth $34,000. Washington Trust Advisors Inc. bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the third quarter worth approximately $40,000. Rossby Financial LCC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the third quarter valued at about $54,000. Wealth Watch Advisors INC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the third quarter worth approximately $61,000. Finally, CIBC Private Wealth Group LLC bought a new position in First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter worth $62,000.

About First Trust Large Cap Core AlphaDEX Fund

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. Standard & Poor’s constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.