First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Reaches New 1-Year High – Here’s What Happened

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $124.69 and last traded at $124.5250, with a volume of 4204 shares. The stock had previously closed at $123.78.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.1%

The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 17.76 and a beta of 0.99. The stock’s 50 day moving average price is $120.57 and its two-hundred day moving average price is $116.97.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.4092 per share. The ex-dividend date was Friday, December 12th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.32.

Institutional Investors Weigh In On First Trust Large Cap Core AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. bought a new position in First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter worth $34,000. Washington Trust Advisors Inc. bought a new position in First Trust Large Cap Core AlphaDEX Fund during the third quarter worth $40,000. Rossby Financial LCC bought a new position in First Trust Large Cap Core AlphaDEX Fund during the third quarter worth $54,000. Wealth Watch Advisors INC acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter valued at $61,000. Finally, CIBC Private Wealth Group LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter valued at $62,000.

First Trust Large Cap Core AlphaDEX Fund Company Profile

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. Standard & Poor’s constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.