First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Hits New 52-Week High – Here’s What Happened

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $182.28 and last traded at $182.28, with a volume of 429 shares changing hands. The stock had previously closed at $177.44.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

The company has a 50 day simple moving average of $166.17 and a two-hundred day simple moving average of $163.05. The company has a market cap of $1.35 billion, a PE ratio of 28.68 and a beta of 1.14.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.0607 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. This is a positive change from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.03.

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

Several institutional investors have recently made changes to their positions in the company. GPS Wealth Strategies Group LLC lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 39.8% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company’s stock valued at $36,000 after buying an additional 64 shares during the last quarter. Founders Financial Alliance LLC lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 3.0% during the 4th quarter. Founders Financial Alliance LLC now owns 2,683 shares of the company’s stock valued at $429,000 after buying an additional 77 shares during the last quarter. &PARTNERS lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 2.1% in the 4th quarter. &PARTNERS now owns 3,747 shares of the company’s stock worth $599,000 after purchasing an additional 78 shares during the last quarter. Allworth Financial LP lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 0.9% in the 3rd quarter. Allworth Financial LP now owns 9,382 shares of the company’s stock worth $1,507,000 after purchasing an additional 84 shares during the last quarter. Finally, LexAurum Advisors LLC lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 6.0% in the 3rd quarter. LexAurum Advisors LLC now owns 1,690 shares of the company’s stock worth $272,000 after purchasing an additional 95 shares during the last quarter.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

First Trust Large Cap Growth AlphaDEX Fund (the Fund), formerly First Trust Large Cap Growth Opportunities AlphaDEX Fund, is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Growth 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 Growth Index.