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

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $124.36 and last traded at $123.96, with a volume of 2434 shares changing hands. The stock had previously closed at $123.54.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The company has a fifty day moving average of $119.05 and a 200-day moving average of $116.23. The firm has a market capitalization of $1.42 billion, a PE ratio of 17.76 and a beta of 0.99.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.4092 per share. This is a boost from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.3%.

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

A number of hedge funds have recently added to or reduced their stakes in the company. BIP Wealth LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth $15,743,000. Strategic Blueprint LLC lifted its position in First Trust Large Cap Core AlphaDEX Fund by 26.1% during the 3rd quarter. Strategic Blueprint LLC now owns 130,323 shares of the company’s stock worth $15,224,000 after acquiring an additional 26,959 shares during the last quarter. Cetera Investment Advisers boosted its holdings in First Trust Large Cap Core AlphaDEX Fund by 24.3% during the second quarter. Cetera Investment Advisers now owns 109,398 shares of the company’s stock valued at $12,029,000 after acquiring an additional 21,365 shares during the period. Flow Traders U.S. LLC boosted its holdings in First Trust Large Cap Core AlphaDEX Fund by 57.8% during the second quarter. Flow Traders U.S. LLC now owns 51,239 shares of the company’s stock valued at $5,634,000 after acquiring an additional 18,777 shares during the period. Finally, Silver Oak Securities Incorporated increased its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 11.8% in the third quarter. Silver Oak Securities Incorporated now owns 155,310 shares of the company’s stock worth $18,143,000 after purchasing an additional 16,331 shares during the period.

First Trust Large Cap Core AlphaDEX Fund Company Profile

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.