First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sets New 1-Year High – Should You Buy?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $139.60 and last traded at $139.05, with a volume of 550 shares traded. The stock had previously closed at $135.41.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 0.6 %

The company has a market capitalization of $1.15 billion, a P/E ratio of 21.72 and a beta of 1.04. The business’s fifty day moving average price is $131.06 and its 200-day moving average price is $124.97.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.0999 per share. This is an increase from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Thursday, September 26th.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in FTC. International Assets Investment Management LLC lifted its stake in First Trust Large Cap Growth AlphaDEX Fund by 12,202.4% in the third quarter. International Assets Investment Management LLC now owns 521,991 shares of the company’s stock worth $68,610,000 after purchasing an additional 517,748 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in First Trust Large Cap Growth AlphaDEX Fund in the third quarter worth $56,552,000. Cetera Investment Advisers lifted its stake in First Trust Large Cap Growth AlphaDEX Fund by 125.9% in the first quarter. Cetera Investment Advisers now owns 130,107 shares of the company’s stock worth $16,040,000 after purchasing an additional 72,523 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new stake in First Trust Large Cap Growth AlphaDEX Fund in the first quarter worth $4,092,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in First Trust Large Cap Growth AlphaDEX Fund by 161.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 50,302 shares of the company’s stock worth $6,163,000 after purchasing an additional 31,028 shares during the last quarter.

About First Trust Large Cap Growth AlphaDEX Fund

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).