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

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) shares hit a new 52-week high on Monday . The company traded as high as $121.21 and last traded at $121.0890, with a volume of 28617 shares trading hands. The stock had previously closed at $120.02.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The stock’s 50 day simple moving average is $117.60 and its 200 day simple moving average is $115.06. The firm has a market cap of $1.41 billion, a PE ratio of 17.76 and a beta of 0.99.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

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

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

Large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 1.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 523,437 shares of the company’s stock worth $57,557,000 after purchasing an additional 7,261 shares in the last quarter. Bank of America Corp DE lifted its position in First Trust Large Cap Core AlphaDEX Fund by 0.8% in the 3rd quarter. Bank of America Corp DE now owns 228,883 shares of the company’s stock worth $26,738,000 after buying an additional 1,913 shares during the last quarter. Osaic Holdings Inc. lifted its position in First Trust Large Cap Core AlphaDEX Fund by 3.6% in the 2nd quarter. Osaic Holdings Inc. now owns 227,585 shares of the company’s stock worth $25,029,000 after buying an additional 7,902 shares during the last quarter. UBS Group AG boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 3.2% in the third quarter. UBS Group AG now owns 203,482 shares of the company’s stock worth $23,771,000 after buying an additional 6,315 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its position in First Trust Large Cap Core AlphaDEX Fund by 0.8% during the second quarter. HBK Sorce Advisory LLC now owns 185,300 shares of the company’s stock valued at $20,376,000 after acquiring an additional 1,406 shares during the last quarter.

About First Trust Large Cap Core AlphaDEX Fund

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.