First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Hits New 1-Year High After Dividend Announcement

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) shares reached a new 52-week high during trading on Thursday following a dividend announcement from the company. The company traded as high as $97.79 and last traded at $97.9050, with a volume of 3222 shares trading hands. The stock had previously closed at $96.88.

The newly announced dividend which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be given a $0.3389 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, June 25th.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The company has a 50 day moving average of $94.83 and a 200-day moving average of $92.08. The company has a market cap of $1.34 billion, a P/E ratio of 13.54 and a beta of 0.79.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

A number of large investors have recently modified their holdings of FTA. LPL Financial LLC raised its stake in First Trust Large Cap Value AlphaDEX Fund by 8.4% in the fourth quarter. LPL Financial LLC now owns 1,001,829 shares of the company’s stock valued at $86,305,000 after purchasing an additional 77,963 shares in the last quarter. Bank of America Corp DE grew its stake in First Trust Large Cap Value AlphaDEX Fund by 12.8% in the 1st quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock worth $36,137,000 after buying an additional 44,259 shares in the last quarter. Cetera Investment Advisers grew its stake in First Trust Large Cap Value AlphaDEX Fund by 0.5% in the 1st quarter. Cetera Investment Advisers now owns 345,175 shares of the company’s stock worth $31,877,000 after buying an additional 1,685 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 0.5% in the 1st quarter. Royal Bank of Canada now owns 298,949 shares of the company’s stock worth $27,608,000 after buying an additional 1,394 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 2.3% in the 3rd quarter. Raymond James Financial Inc. now owns 291,928 shares of the company’s stock worth $24,325,000 after buying an additional 6,610 shares during the last quarter.

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.