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

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s stock price reached a new 52-week high on Friday . The stock traded as high as $132.87 and last traded at $132.9890, with a volume of 829 shares trading hands. The stock had previously closed at $131.05.

First Trust Large Cap Core AlphaDEX Fund Trading Up 0.6%

The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 17.76 and a beta of 0.95. The firm’s fifty day simple moving average is $126.60 and its two-hundred day simple moving average is $123.12.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.2942 dividend. This represents a $1.18 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, March 26th.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Ankerstar Wealth LLC acquired a new position in First Trust Large Cap Core AlphaDEX Fund in the 4th quarter valued at about $27,000. Washington Trust Advisors Inc. acquired a new position in First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter valued at about $40,000. Rossby Financial LCC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter valued at approximately $54,000. Wealth Watch Advisors INC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter valued at approximately $61,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter valued at approximately $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.