First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sets New 1-Year High – Here’s Why

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $122.99 and last traded at $123.0360, with a volume of 835 shares traded. The stock had previously closed at $122.60.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The firm has a 50 day moving average of $118.16 and a 200-day moving average of $115.66. The stock has a market capitalization of $1.42 billion, a P/E ratio of 17.76 and a beta of 0.99.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.4092 dividend. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.32. This represents a $1.64 dividend on an annualized basis and a yield of 1.3%.

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

A number of institutional investors have recently added to or reduced their stakes in FEX. Janney Montgomery Scott LLC raised its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 1.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 523,437 shares of the company’s stock worth $57,557,000 after buying an additional 7,261 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 0.8% during the third quarter. Bank of America Corp DE now owns 228,883 shares of the company’s stock valued at $26,738,000 after acquiring an additional 1,913 shares during the period. Osaic Holdings Inc. boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 3.6% in the 2nd quarter. Osaic Holdings Inc. now owns 227,585 shares of the company’s stock valued at $25,029,000 after purchasing an additional 7,902 shares in the last quarter. UBS Group AG grew its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 3.2% in the 3rd quarter. UBS Group AG now owns 203,482 shares of the company’s stock worth $23,771,000 after purchasing an additional 6,315 shares during the last quarter. Finally, HBK Sorce Advisory LLC grew its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 0.8% in the 2nd quarter. HBK Sorce Advisory LLC now owns 185,300 shares of the company’s stock worth $20,376,000 after purchasing an additional 1,406 shares during 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.