First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Stock Price Up 0.9% – Time to Buy?

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) were up 0.9% on Thursday. The stock traded as high as $136.19 and last traded at $136.17. Approximately 11,862 shares changed hands during trading, a decline of 45% from the average daily volume of 21,677 shares. The stock had previously closed at $134.90.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.9%

The firm has a 50 day moving average of $137.00 and a two-hundred day moving average of $134.55. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 17.76 and a beta of 0.94.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.4077 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.2669. The ex-dividend date of this dividend was Thursday, September 24th.

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

A number of hedge funds have recently made changes to their positions in FEX. Farther Finance Advisors LLC grew its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 29.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 873 shares of the company’s stock valued at $116,000 after purchasing an additional 200 shares during the last quarter. Envestnet Asset Management Inc. increased its position in First Trust Large Cap Core AlphaDEX Fund by 44.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 86,559 shares of the company’s stock worth $12,107,000 after purchasing an additional 26,490 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 10.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,514 shares of the company’s stock valued at $1,611,000 after purchasing an additional 1,126 shares during the last quarter. Baird Financial Group Inc. lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 11.6% in the 2nd quarter. Baird Financial Group Inc. now owns 25,934 shares of the company’s stock valued at $3,627,000 after purchasing an additional 2,692 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 1,168.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 60,274 shares of the company’s stock valued at $8,431,000 after purchasing an additional 55,523 shares during the last quarter.

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.