First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Reaches New 12-Month High – Still a Buy?

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) hit a new 52-week high on Wednesday . The stock traded as high as $104.89 and last traded at $104.84, with a volume of 1483 shares. The stock had previously closed at $103.49.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The firm has a market cap of $1.42 billion, a PE ratio of 13.54 and a beta of 0.79. The firm has a 50-day simple moving average of $99.54 and a 200 day simple moving average of $95.74.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.3389 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, June 25th.

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

Several hedge funds have recently bought and sold shares of the business. Eastern Bank purchased a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter valued at approximately $32,000. Main Street Group LTD purchased a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the 1st quarter worth approximately $33,000. Cullen Frost Bankers Inc. grew its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 51.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock worth $39,000 after buying an additional 154 shares during the last quarter. Smartleaf Asset Management LLC increased its position in First Trust Large Cap Value AlphaDEX Fund by 282.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock valued at $49,000 after buying an additional 415 shares in the last quarter. Finally, Smithfield Trust Co increased its position in First Trust Large Cap Value AlphaDEX Fund by 20.0% during the 4th quarter. Smithfield Trust Co now owns 720 shares of the company’s stock valued at $62,000 after buying an additional 120 shares in the last quarter.

About First Trust Large Cap Value AlphaDEX Fund

The First Trust Large Cap Value AlphaDEX Fund (FTA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Large Cap Value index. The fund selects and weights value stocks using fundamental factors including sales, book value and cash flows. FTA was launched on May 8, 2007 and is managed by First Trust.