First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sets New 52-Week High – Time to Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) reached a new 52-week high during trading on Thursday . The company traded as high as $124.36 and last traded at $123.96, with a volume of 2434 shares. The stock had previously closed at $123.54.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The company has a market capitalization of $1.41 billion, a PE ratio of 17.76 and a beta of 0.99. The company’s 50-day moving average is $119.37 and its 200 day moving average is $116.37.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

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

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter worth $34,000. Washington Trust Advisors Inc. bought a new stake in First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter valued at approximately $40,000. Rossby Financial LCC bought a new position in First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter worth approximately $54,000. Wealth Watch Advisors INC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the third quarter worth $61,000. Finally, CIBC Private Wealth Group LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the third quarter worth $62,000.

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.