First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Reaches New 1-Year High – Time to Buy?

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $110.97 and last traded at $110.84, with a volume of 4749 shares. The stock had previously closed at $109.60.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The stock has a market cap of $1.37 billion, a P/E ratio of 17.45 and a beta of 1.06. The firm’s 50-day moving average is $105.73 and its two-hundred day moving average is $100.82.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.3502 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.26.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of FEX. Janney Montgomery Scott LLC raised its holdings in First Trust Large Cap Core AlphaDEX Fund by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 503,029 shares of the company’s stock worth $52,400,000 after buying an additional 16,559 shares during the period. Kestra Advisory Services LLC lifted its position in First Trust Large Cap Core AlphaDEX Fund by 31.5% in the 1st quarter. Kestra Advisory Services LLC now owns 185,278 shares of the company’s stock valued at $18,387,000 after acquiring an additional 44,329 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 1.6% in the 2nd quarter. HBK Sorce Advisory LLC now owns 185,036 shares of the company’s stock worth $17,947,000 after purchasing an additional 2,934 shares during the period. International Assets Investment Management LLC increased its holdings in First Trust Large Cap Core AlphaDEX Fund by 10,315.2% during the 3rd quarter. International Assets Investment Management LLC now owns 178,620 shares of the company’s stock worth $18,607,000 after purchasing an additional 176,905 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 3.0% in the 3rd quarter. Raymond James & Associates now owns 158,628 shares of the company’s stock valued at $16,524,000 after purchasing an additional 4,572 shares during the period.

About First Trust Large Cap Core AlphaDEX Fund

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.