First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Reaches New 12-Month High – Still a Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $140.33 and last traded at $140.30, with a volume of 410 shares changing hands. The stock had previously closed at $137.69.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.4%

The firm has a market capitalization of $1.62 billion, a PE ratio of 17.76 and a beta of 0.94. The stock has a 50-day moving average price of $136.62 and a 200 day moving average price of $129.89.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.2669 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.07 dividend on an annualized basis and a yield of 0.8%.

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

Large investors have recently added to or reduced their stakes in the stock. Annex Advisory Services LLC lifted its holdings in First Trust Large Cap Core AlphaDEX Fund by 13.2% during the second quarter. Annex Advisory Services LLC now owns 4,415 shares of the company’s stock valued at $618,000 after purchasing an additional 515 shares in the last quarter. Allied Private Wealth LLC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the second quarter worth about $113,000. Western Wealth Management LLC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the first quarter worth about $125,000. Bank of America Corp DE raised its position in shares of First Trust Large Cap Core AlphaDEX Fund by 3.0% during the 1st quarter. Bank of America Corp DE now owns 234,821 shares of the company’s stock worth $28,631,000 after purchasing an additional 6,936 shares during the last quarter. Finally, IFS Group LLC acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 1st quarter worth about $414,000.

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.