First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sets New 52-Week High – Here’s Why

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares reached a new 52-week high on Monday . The stock traded as high as $178.56 and last traded at $179.03, with a volume of 1991 shares traded. The stock had previously closed at $176.42.

First Trust Large Cap Growth AlphaDEX Fund Stock Up 1.6%

The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 28.68 and a beta of 1.14. The firm’s 50 day moving average is $162.33 and its two-hundred day moving average is $161.79.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.0607 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. This is a positive change from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, March 26th.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. GPS Wealth Strategies Group LLC raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 39.8% during the third quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company’s stock worth $36,000 after acquiring an additional 64 shares during the period. Founders Financial Alliance LLC raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 3.0% during the fourth quarter. Founders Financial Alliance LLC now owns 2,683 shares of the company’s stock worth $429,000 after acquiring an additional 77 shares during the period. &PARTNERS raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 2.1% during the fourth quarter. &PARTNERS now owns 3,747 shares of the company’s stock worth $599,000 after acquiring an additional 78 shares during the period. Allworth Financial LP increased its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 0.9% in the third quarter. Allworth Financial LP now owns 9,382 shares of the company’s stock valued at $1,507,000 after purchasing an additional 84 shares during the period. Finally, LexAurum Advisors LLC increased its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 6.0% in the third quarter. LexAurum Advisors LLC now owns 1,690 shares of the company’s stock valued at $272,000 after purchasing an additional 95 shares during the period.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

First Trust Large Cap Growth AlphaDEX Fund (the Fund), formerly First Trust Large Cap Growth Opportunities AlphaDEX Fund, is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Growth 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 Growth Index.