First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Reaches New 52-Week High – What’s Next?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $85.00 and last traded at $85.00, with a volume of 1789 shares traded. The stock had previously closed at $83.70.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The stock has a market capitalization of $1.17 billion, a P/E ratio of 13.54 and a beta of 0.91. The business has a 50-day moving average price of $83.03 and a 200 day moving average price of $80.69.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.4007 dividend. This represents a $1.60 annualized dividend and a yield of 1.9%. This is a positive change from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, September 25th.

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

Several large investors have recently modified their holdings of FTA. Cullen Frost Bankers Inc. bought a new position in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth about $25,000. Clear Investment Research LLC purchased a new position in First Trust Large Cap Value AlphaDEX Fund in the third quarter worth about $44,000. CX Institutional bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the third quarter worth approximately $48,000. Private Trust Co. NA grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 42.6% during the third quarter. Private Trust Co. NA now owns 613 shares of the company’s stock valued at $51,000 after buying an additional 183 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter valued at approximately $62,000.

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.