First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Hits New 52-Week High – Still a Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA)’s stock price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $105.00 and last traded at $105.00, with a volume of 204 shares changing hands. The stock had previously closed at $103.72.

First Trust Large Cap Value AlphaDEX Fund Trading Down 1.8%

The stock has a market cap of $1.45 billion, a P/E ratio of 13.54 and a beta of 0.79. The firm’s fifty day moving average is $100.27 and its 200 day moving average is $96.77.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.5259 dividend. This is an increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3389. This represents a $2.10 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, September 24th.

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

Several large investors have recently made changes to their positions in FTA. Cetera Investment Advisers raised its holdings 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 valued at $31,877,000 after acquiring an additional 1,685 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 5.4% during the 1st quarter. Bank of New York Mellon Corp now owns 42,322 shares of the company’s stock worth $3,908,000 after purchasing an additional 2,170 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the 1st quarter worth approximately $646,000. Parallel Advisors LLC increased its position 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 purchasing an additional 12,618 shares during the period. Finally, WealthTrust Asset Management LLC increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 48.7% during the first quarter. WealthTrust Asset Management LLC now owns 4,256 shares of the company’s stock valued at $393,000 after purchasing an additional 1,394 shares during the period.

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.