First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Hits New 12-Month High – Here’s What Happened

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) shares reached a new 52-week high on Friday . The company traded as high as $79.54 and last traded at $79.49, with a volume of 37624 shares traded. The stock had previously closed at $78.60.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The company has a market cap of $1.22 billion, a PE ratio of 14.55 and a beta of 1.11. The firm’s 50 day moving average is $77.41 and its 200-day moving average is $75.58.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.453 dividend. The ex-dividend date was Thursday, September 26th. This is a positive change from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.33. This represents a $1.81 dividend on an annualized basis and a dividend yield of 2.28%.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ICA Group Wealth Management LLC increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 70.0% during the 2nd quarter. ICA Group Wealth Management LLC now owns 425 shares of the company’s stock worth $31,000 after buying an additional 175 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new stake in First Trust Large Cap Value AlphaDEX Fund during the first quarter worth $74,000. Hilltop National Bank purchased a new stake in First Trust Large Cap Value AlphaDEX Fund in the second quarter valued at $76,000. GPS Wealth Strategies Group LLC raised its position in First Trust Large Cap Value AlphaDEX Fund by 145.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,113 shares of the company’s stock valued at $82,000 after purchasing an additional 660 shares during the period. Finally, Continuum Advisory LLC lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 38.4% in the 2nd quarter. Continuum Advisory LLC now owns 1,193 shares of the company’s stock valued at $88,000 after purchasing an additional 331 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.