First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Hits New 12-Month High – Should You Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA)’s stock price reached a new 52-week high on Monday . The stock traded as high as $95.64 and last traded at $95.5840, with a volume of 3282 shares trading hands. The stock had previously closed at $95.13.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The stock has a market capitalization of $1.30 billion, a PE ratio of 13.54 and a beta of 0.85. The firm has a 50 day moving average of $93.20 and a 200-day moving average of $88.53.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.3622 dividend. This represents a $1.45 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, March 26th.

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

A number of hedge funds have recently modified their holdings of FTA. Cullen Frost Bankers Inc. acquired a new position in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth about $25,000. Clear Investment Research LLC acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter valued at $44,000. CX Institutional acquired a new position in First Trust Large Cap Value AlphaDEX Fund during the third quarter worth $48,000. Smartleaf Asset Management LLC increased its position in 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 during the last quarter. Finally, Private Trust Co. NA lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 42.6% in the third quarter. Private Trust Co. NA now owns 613 shares of the company’s stock worth $51,000 after buying an additional 183 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.