First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Announces Quarterly Dividend of $0.41

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.4077 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 52.8% increase from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.27.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

FEX stock traded down $1.21 during mid-day trading on Thursday, reaching $134.14. The company had a trading volume of 724 shares, compared to its average volume of 21,849. First Trust Large Cap Core AlphaDEX Fund has a fifty-two week low of $111.75 and a fifty-two week high of $142.60. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 17.76 and a beta of 0.94. The firm has a fifty day simple moving average of $137.63 and a 200 day simple moving average of $133.14.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in First Trust Large Cap Core AlphaDEX Fund by 44.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 86,559 shares of the company’s stock valued at $12,107,000 after acquiring an additional 26,490 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in First Trust Large Cap Core AlphaDEX Fund by 10.8% in the second quarter. Integrated Wealth Concepts LLC now owns 11,514 shares of the company’s stock valued at $1,611,000 after purchasing an additional 1,126 shares during the last quarter. Baird Financial Group Inc. lifted its position in First Trust Large Cap Core AlphaDEX Fund by 11.6% during the second quarter. Baird Financial Group Inc. now owns 25,934 shares of the company’s stock worth $3,627,000 after buying an additional 2,692 shares during the period. Ameritas Advisory Services LLC boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 1,168.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 60,274 shares of the company’s stock worth $8,431,000 after buying an additional 55,523 shares during the last quarter. Finally, Semitam Bonam LLC acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter valued at about $210,000.

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.