First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Reaches New 1-Year High – Still a Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $89.61 and last traded at $89.45, with a volume of 15638 shares. The stock had previously closed at $87.96.

First Trust Large Cap Value AlphaDEX Fund Trading Up 1.7%

The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 13.54 and a beta of 0.91. The company’s 50 day moving average is $86.16 and its 200-day moving average is $83.42.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.5233 dividend. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40. This represents a $2.09 dividend on an annualized basis and a dividend yield of 2.3%.

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

A number of large investors have recently added to or reduced their stakes in FTA. Daymark Wealth Partners LLC acquired a new stake in First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter valued at $297,000. CWM LLC raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 27.2% in the second quarter. CWM LLC now owns 1,492 shares of the company’s stock valued at $117,000 after purchasing an additional 319 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 1.5% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 14,660 shares of the company’s stock worth $1,153,000 after buying an additional 212 shares during the last quarter. US Bancorp DE lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 368.1% during the 2nd quarter. US Bancorp DE now owns 8,819 shares of the company’s stock worth $693,000 after buying an additional 6,935 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 4.0% during the 2nd quarter. Apollon Wealth Management LLC now owns 4,549 shares of the company’s stock worth $358,000 after buying an additional 176 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Company Profile

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.