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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $91.59 and last traded at $91.26, with a volume of 55115 shares. The stock had previously closed at $90.39.

First Trust Large Cap Value AlphaDEX Fund Trading Up 1.0%

The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 13.54 and a beta of 0.91. The stock has a 50-day moving average of $87.47 and a 200-day moving average of $84.12.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.5233 per share. This represents a $2.09 annualized dividend and a dividend yield of 2.3%. This is a positive change from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Large investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in First Trust Large Cap Value AlphaDEX Fund during the 4th quarter valued at about $203,000. Sun Financial Inc acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the fourth quarter valued at approximately $1,031,000. Benjamin Edwards Inc. raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 12.3% during the fourth quarter. Benjamin Edwards Inc. now owns 94,302 shares of the company’s stock valued at $8,127,000 after buying an additional 10,366 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 6.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 5,261 shares of the company’s stock worth $453,000 after buying an additional 320 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 2.2% in the 4th quarter. Sanctuary Advisors LLC now owns 19,067 shares of the company’s stock worth $1,643,000 after buying an additional 417 shares in the last quarter.

First Trust Large Cap Value AlphaDEX Fund Company Profile

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.