First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Hits New 1-Year High – What’s Next?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $191.00 and last traded at $190.4910, with a volume of 271 shares. The stock had previously closed at $185.48.

First Trust Large Cap Growth AlphaDEX Fund Stock Up 2.7%

The company’s 50 day moving average price is $174.06 and its 200 day moving average price is $165.64. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 28.68 and a beta of 1.15.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.0607 dividend. This is a boost from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, March 26th.

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

Institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC raised its position in First Trust Large Cap Growth AlphaDEX Fund by 55.5% during the 2nd quarter. NewEdge Advisors LLC now owns 4,440 shares of the company’s stock worth $670,000 after buying an additional 1,584 shares during the last quarter. Raymond James Financial Inc. lifted its position in First Trust Large Cap Growth AlphaDEX Fund by 37.8% during the second quarter. Raymond James Financial Inc. now owns 268,160 shares of the company’s stock valued at $40,484,000 after purchasing an additional 73,618 shares during the period. Ameriprise Financial Inc. grew its position in First Trust Large Cap Growth AlphaDEX Fund by 502.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 22,650 shares of the company’s stock worth $3,419,000 after purchasing an additional 18,889 shares during the period. Bank of America Corp DE grew its position in First Trust Large Cap Growth AlphaDEX Fund by 2.8% during the 2nd quarter. Bank of America Corp DE now owns 154,077 shares of the company’s stock worth $23,261,000 after purchasing an additional 4,127 shares during the period. Finally, Benjamin Edwards Inc. grew its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 33.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 61,314 shares of the company’s stock worth $9,257,000 after purchasing an additional 15,217 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.