First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Reaches New 1-Year High – Still a Buy?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $193.02 and last traded at $194.0910, with a volume of 11353 shares changing hands. The stock had previously closed at $192.22.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 0.9%

The company’s fifty day simple moving average is $177.29 and its 200 day simple moving average is $166.78. The firm has a market capitalization of $1.43 billion, a P/E ratio of 28.68 and a beta of 1.15.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.0607 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This is an increase 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 yield of 0.1%.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FTC. Parallel Advisors LLC purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 1st quarter worth approximately $443,000. Arkadios Wealth Advisors boosted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.6% during the first quarter. Arkadios Wealth Advisors now owns 5,399 shares of the company’s stock valued at $832,000 after purchasing an additional 136 shares in the last quarter. IFS Group LLC bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the first quarter valued at approximately $2,220,000. Royal Bank of Canada grew its stake in First Trust Large Cap Growth AlphaDEX Fund by 1.8% in the first quarter. Royal Bank of Canada now owns 68,493 shares of the company’s stock worth $10,558,000 after purchasing an additional 1,195 shares during the period. Finally, Gateway Wealth Partners LLC grew its stake in First Trust Large Cap Growth AlphaDEX Fund by 97.1% in the first quarter. Gateway Wealth Partners LLC now owns 31,138 shares of the company’s stock worth $4,800,000 after purchasing an additional 15,336 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.