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 during trading on Thursday . The stock traded as high as $82.14 and last traded at $82.11, with a volume of 13541 shares trading hands. The stock had previously closed at $81.02.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The firm’s 50-day moving average price is $79.31 and its 200-day moving average price is $76.64. The stock has a market cap of $1.27 billion, a P/E ratio of 14.55 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.453 per share. This is a boost from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, September 26th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 2.21%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of FTA. B. Riley Wealth Advisors Inc. lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 54.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 13,225 shares of the company’s stock valued at $1,010,000 after acquiring an additional 4,657 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the 1st quarter valued at about $6,780,000. Atria Investments Inc lifted its position in First Trust Large Cap Value AlphaDEX Fund by 8.5% during the first quarter. Atria Investments Inc now owns 33,590 shares of the company’s stock worth $2,566,000 after buying an additional 2,624 shares in the last quarter. Cetera Investment Advisers raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 145.7% during the 1st quarter. Cetera Investment Advisers now owns 297,979 shares of the company’s stock valued at $22,760,000 after buying an additional 176,714 shares during the period. Finally, Cetera Advisors LLC increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 122.1% during the first quarter. Cetera Advisors LLC now owns 83,499 shares of the company’s stock valued at $6,378,000 after acquiring an additional 45,908 shares during 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.