First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Reaches New 1-Year High – Here’s Why

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

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The stock has a market capitalization of $1.41 billion, a P/E ratio of 13.54 and a beta of 0.79. The stock has a 50 day moving average of $97.08 and a 200 day moving average of $94.13.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

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

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Several hedge funds have recently bought and sold shares of FTA. Eastern Bank acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the second quarter valued at approximately $32,000. Main Street Group LTD bought a new position in First Trust Large Cap Value AlphaDEX Fund in the 1st quarter worth approximately $33,000. Cullen Frost Bankers Inc. grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 51.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock worth $39,000 after buying an additional 154 shares in the last quarter. Smartleaf Asset Management LLC increased its position in First Trust Large Cap Value AlphaDEX Fund by 282.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock valued at $49,000 after acquiring an additional 415 shares during the period. Finally, Smithfield Trust Co increased its position in First Trust Large Cap Value AlphaDEX Fund by 20.0% in the 4th quarter. Smithfield Trust Co now owns 720 shares of the company’s stock valued at $62,000 after acquiring an additional 120 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.