First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Hits New 12-Month High – Here’s Why

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $137.11 and last traded at $137.6690, with a volume of 3442 shares trading hands. The stock had previously closed at $136.13.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.9%

The company has a market cap of $1.57 billion, a price-to-earnings ratio of 17.76 and a beta of 0.95. The company’s fifty day moving average price is $130.81 and its two-hundred day moving average price is $125.26.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.2942 per share. This represents a $1.18 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund during the 4th quarter valued at $158,000. Stratos Wealth Partners LTD. increased its holdings in First Trust Large Cap Core AlphaDEX Fund by 6.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 10,540 shares of the company’s stock valued at $1,250,000 after purchasing an additional 604 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund during the 4th quarter valued at $371,000. RPg Family Wealth Advisory LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter valued at $356,000. Finally, US Bancorp DE increased its holdings in First Trust Large Cap Core AlphaDEX Fund by 5.2% during the 3rd quarter. US Bancorp DE now owns 71,064 shares of the company’s stock valued at $8,302,000 after purchasing an additional 3,533 shares in 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.