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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $182.28 and last traded at $182.28, with a volume of 429 shares traded. The stock had previously closed at $177.44.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 28.68 and a beta of 1.14. The company’s fifty day moving average is $167.25 and its two-hundred day moving average is $163.38.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.0607 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, March 26th. This is a boost from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.03.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Arax Advisory Partners acquired a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter worth $26,000. GPS Wealth Strategies Group LLC increased its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 39.8% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company’s stock valued at $36,000 after purchasing an additional 64 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at about $176,000. HRT Financial LP purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter worth approximately $202,000. Finally, Missouri Trust & Investment Co purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the third quarter worth approximately $229,000.

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). 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 Growth Index.