First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Reaches New 52-Week High – Time to Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) reached a new 52-week high during trading on Tuesday . The stock traded as high as $96.60 and last traded at $96.2140, with a volume of 3698 shares trading hands. The stock had previously closed at $95.67.

First Trust Large Cap Value AlphaDEX Fund Stock Up 1.0%

The stock’s fifty day moving average price is $94.17 and its 200-day moving average price is $91.31. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.3622 dividend. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Main Street Group LTD bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the first quarter valued at about $33,000. Cullen Frost Bankers Inc. lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 51.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock worth $39,000 after purchasing an additional 154 shares during the last quarter. Clear Investment Research LLC bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter valued at $44,000. Smartleaf Asset Management LLC grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 282.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock valued at $49,000 after buying an additional 415 shares in the last quarter. Finally, Smithfield Trust Co increased its position in First Trust Large Cap Value AlphaDEX Fund by 20.0% during the 4th quarter. Smithfield Trust Co now owns 720 shares of the company’s stock worth $62,000 after buying an additional 120 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.