First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Reaches New 12-Month High – Should You Buy?

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $101.25 and last traded at $101.19, with a volume of 4537 shares traded. The stock had previously closed at $100.37.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.6%

The company has a market cap of $1.39 billion, a P/E ratio of 13.54 and a beta of 0.79. The company has a 50 day moving average price of $96.73 and a 200-day moving average price of $93.93.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.3389 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.36 annualized dividend and a yield of 1.3%.

Hedge Funds Weigh In On First Trust Large Cap Value AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Heartland Consultants Inc. bought a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter worth about $249,000. Eastern Bank bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the second quarter valued at approximately $32,000. Parallel Advisors LLC increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 558.1% during the first quarter. Parallel Advisors LLC now owns 14,879 shares of the company’s stock valued at $1,374,000 after acquiring an additional 12,618 shares during the period. NewEdge Advisors LLC increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 57.1% during the first quarter. NewEdge Advisors LLC now owns 156,182 shares of the company’s stock valued at $14,423,000 after acquiring an additional 56,797 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 12.8% during the first quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock valued at $36,137,000 after acquiring an additional 44,259 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Company Profile

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.