First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Hits New 12-Month High – Still a Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $87.73 and last traded at $87.71, with a volume of 16102 shares trading hands. The stock had previously closed at $86.91.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The stock has a fifty day simple moving average of $84.81 and a two-hundred day simple moving average of $82.60. The firm has a market capitalization of $1.20 billion, a P/E ratio of 13.54 and a beta of 0.91.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.5233 per share. This represents a $2.09 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, December 12th. This is a boost from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Several large investors have recently made changes to their positions in FTA. IFP Advisors Inc boosted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 5.2% during the 3rd quarter. IFP Advisors Inc now owns 40,717 shares of the company’s stock valued at $3,393,000 after acquiring an additional 2,025 shares during the last quarter. Centaurus Financial Inc. raised its stake in First Trust Large Cap Value AlphaDEX Fund by 16.9% during the third quarter. Centaurus Financial Inc. now owns 1,895 shares of the company’s stock valued at $158,000 after purchasing an additional 274 shares in the last quarter. Advisory Services Network LLC bought a new position in First Trust Large Cap Value AlphaDEX Fund during the third quarter valued at $170,000. NewEdge Advisors LLC grew its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 7.0% in the 3rd quarter. NewEdge Advisors LLC now owns 27,799 shares of the company’s stock worth $2,316,000 after buying an additional 1,816 shares in the last quarter. Finally, Mariner LLC increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 138.8% in the 3rd quarter. Mariner LLC now owns 14,934 shares of the company’s stock worth $1,244,000 after buying an additional 8,679 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.