First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Reaches New 1-Year Low – Here’s Why

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) shares hit a new 52-week low during trading on Friday . The company traded as low as $71.05 and last traded at $71.06, with a volume of 2250 shares. The stock had previously closed at $73.50.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The company’s fifty day moving average price is $77.44 and its 200 day moving average price is $78.57. The company has a market cap of $1.05 billion, a PE ratio of 14.62 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.3953 dividend. This represents a $1.58 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Runnymede Capital Advisors Inc. bought a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the fourth quarter valued at approximately $27,000. Private Trust Co. NA grew its stake in First Trust Large Cap Value AlphaDEX Fund by 45.1% in the 4th quarter. Private Trust Co. NA now owns 624 shares of the company’s stock valued at $48,000 after buying an additional 194 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in First Trust Large Cap Value AlphaDEX Fund during the 4th quarter valued at $55,000. Golden State Wealth Management LLC purchased a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the fourth quarter worth $69,000. Finally, GAMMA Investing LLC boosted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 384.3% in the fourth quarter. GAMMA Investing LLC now owns 1,017 shares of the company’s stock worth $78,000 after acquiring an additional 807 shares during the period.

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.