First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Hits New 52-Week High – Time to 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 $98.20 and last traded at $97.87, with a volume of 398 shares. The stock had previously closed at $96.80.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.7%

The company has a market cap of $1.35 billion, a price-to-earnings ratio of 13.54 and a beta of 0.79. The company’s fifty day moving average price is $95.12 and its two-hundred day moving average price is $92.48.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.3389 dividend. This represents a $1.36 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, June 25th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTA. Eastern Bank acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the 2nd quarter valued at about $32,000. Main Street Group LTD acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the first quarter worth about $33,000. Cullen Frost Bankers Inc. boosted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 51.2% during the fourth 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 period. Smartleaf Asset Management LLC grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 282.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock worth $49,000 after buying an additional 415 shares in the last quarter. Finally, Smithfield Trust Co grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 20.0% during the fourth quarter. Smithfield Trust Co now owns 720 shares of the company’s stock worth $62,000 after buying an additional 120 shares in the last quarter.

First Trust Large Cap Value AlphaDEX Fund Company Profile

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.