First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Hits New 1-Year High – Time to Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $132.87 and last traded at $132.9890, with a volume of 829 shares trading hands. The stock had previously closed at $131.05.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The business’s 50 day moving average price is $126.60 and its 200-day moving average price is $123.12. The firm has a market capitalization of $1.52 billion, a PE ratio of 17.76 and a beta of 0.95.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.2942 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. raised its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 1.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,936 shares of the company’s stock valued at $1,161,000 after acquiring an additional 97 shares during the period. Assetmark Inc. raised its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 12.1% in the 3rd quarter. Assetmark Inc. now owns 1,458 shares of the company’s stock valued at $170,000 after acquiring an additional 157 shares during the period. Wealth Watch Advisors INC raised its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 31.3% in the 4th quarter. Wealth Watch Advisors INC now owns 688 shares of the company’s stock valued at $82,000 after acquiring an additional 164 shares during the period. Tcfg Wealth Management LLC increased its stake in First Trust Large Cap Core AlphaDEX Fund by 0.9% during the 1st quarter. Tcfg Wealth Management LLC now owns 21,507 shares of the company’s stock worth $2,622,000 after buying an additional 201 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in First Trust Large Cap Core AlphaDEX Fund by 1.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,435 shares of the company’s stock worth $2,037,000 after buying an additional 210 shares during the period.

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.