First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sets New 52-Week High – Here’s Why

Shares of First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) reached a new 52-week high on Friday . The stock traded as high as $145.98 and last traded at $145.59, with a volume of 1021 shares changing hands. The stock had previously closed at $145.10.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 0.6 %

The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 21.72 and a beta of 1.04. The stock has a fifty day moving average price of $134.86 and a 200-day moving average price of $126.79.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.0999 per share. This is a positive change from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05. This represents a $0.40 annualized dividend and a yield of 0.27%. The ex-dividend date was Thursday, September 26th.

Hedge Funds Weigh In On First Trust Large Cap Growth AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in FTC. LRI Investments LLC acquired a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 1st quarter valued at $31,000. B. Riley Wealth Advisors Inc. increased its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 45.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,083 shares of the company’s stock valued at $503,000 after buying an additional 1,279 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the first quarter valued at about $4,092,000. Virtu Financial LLC acquired a new position in First Trust Large Cap Growth AlphaDEX Fund during the 1st quarter worth about $573,000. Finally, Atria Investments Inc grew its holdings in First Trust Large Cap Growth AlphaDEX Fund by 7.5% during the 1st quarter. Atria Investments Inc now owns 11,627 shares of the company’s stock worth $1,433,000 after acquiring an additional 811 shares during the last quarter.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

First Trust Large Cap Growth AlphaDEX Fund (the Fund), formerly First Trust Large Cap Growth Opportunities AlphaDEX Fund, is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Growth Index (the Index).