First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sets New 52-Week High – Still a Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) hit a new 52-week high during trading on Wednesday . The stock traded as high as $99.32 and last traded at $98.63, with a volume of 56261 shares. The stock had previously closed at $98.06.

First Trust Large Cap Value AlphaDEX Fund Trading Up 0.2%

The company has a market capitalization of $1.34 billion, a P/E ratio of 13.54 and a beta of 0.79. The stock has a 50 day moving average price of $95.53 and a 200 day moving average price of $92.98.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.3389 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.36 annualized dividend and a dividend yield of 1.4%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Eastern Bank bought a new stake in First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter worth approximately $32,000. Main Street Group LTD acquired a new position in First Trust Large Cap Value AlphaDEX Fund in the 1st quarter valued at approximately $33,000. Cullen Frost Bankers Inc. raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 51.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock valued at $39,000 after acquiring an additional 154 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 282.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock valued at $49,000 after acquiring an additional 415 shares during the last quarter. Finally, Smithfield Trust Co lifted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 20.0% during the fourth quarter. Smithfield Trust Co now owns 720 shares of the company’s stock worth $62,000 after purchasing an additional 120 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.