First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Reaches New 12-Month High – What’s Next?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) shares hit a new 52-week high during trading on Friday . The stock traded as high as $148.28 and last traded at $148.13, with a volume of 4198 shares changing hands. The stock had previously closed at $147.43.

First Trust Large Cap Growth AlphaDEX Fund Stock Up 0.6 %

The firm has a market capitalization of $1.21 billion, a PE ratio of 21.72 and a beta of 1.04. The stock has a 50-day moving average price of $137.16 and a 200 day moving average price of $127.97.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

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

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LRI Investments LLC purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the first quarter valued at approximately $32,000. Hilltop National Bank purchased a new position in First Trust Large Cap Growth AlphaDEX Fund in the 2nd quarter valued at $84,000. Zions Bancorporation N.A. acquired a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 2nd quarter worth $147,000. FMR LLC boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 80.1% during the 3rd quarter. FMR LLC now owns 1,799 shares of the company’s stock worth $236,000 after purchasing an additional 800 shares during the last quarter. Finally, LexAurum Advisors LLC grew its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 8.6% during the third quarter. LexAurum Advisors LLC now owns 1,906 shares of the company’s stock worth $251,000 after buying an additional 151 shares in 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).