First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sets New 52-Week High – Time to Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $103.35 and last traded at $103.4410, with a volume of 482 shares trading hands. The stock had previously closed at $102.81.

First Trust Large Cap Value AlphaDEX Fund Trading Up 0.3%

The company’s 50-day simple moving average is $98.95 and its 200 day simple moving average is $95.31. The stock has a market cap of $1.43 billion, a P/E ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.3389 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Eastern Bank bought a new position in First Trust Large Cap Value AlphaDEX Fund in the 2nd quarter valued at $32,000. Main Street Group LTD bought a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the 1st quarter worth $33,000. Cullen Frost Bankers Inc. raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 51.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock worth $39,000 after purchasing an additional 154 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of 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 worth $49,000 after buying an additional 415 shares during the last quarter. Finally, Smithfield Trust Co boosted its holdings in shares of 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 worth $62,000 after buying an additional 120 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.