First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Hits New 1-Year High – What’s Next?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $191.00 and last traded at $190.4910, with a volume of 271 shares. The stock had previously closed at $185.48.

First Trust Large Cap Growth AlphaDEX Fund Stock Up 2.7%

The firm has a market capitalization of $1.41 billion, a PE ratio of 28.68 and a beta of 1.15. The company’s 50-day simple moving average is $174.06 and its 200 day simple moving average is $165.64.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

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

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several hedge funds have recently modified their holdings of FTC. Arax Advisory Partners purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter valued at about $26,000. Flagship Harbor Advisors LLC purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $176,000. HRT Financial LP purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $202,000. Northland Securities Inc. purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $249,000. Finally, Two Sigma Securities LLC purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the second quarter worth $266,000.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

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.