First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Hits New 12-Month High – Here’s Why

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $97.58 and last traded at $97.42, with a volume of 18247 shares. The stock had previously closed at $97.42.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The company has a market capitalization of $1.32 billion, a P/E ratio of 13.54 and a beta of 0.79. The stock has a 50-day moving average price of $94.54 and a 200-day moving average price of $91.66.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.3622 per share. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, March 26th.

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

A number of hedge funds have recently made changes to their positions in FTA. Main Street Group LTD bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the first quarter worth about $33,000. Cullen Frost Bankers Inc. raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 51.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock worth $39,000 after acquiring an additional 154 shares during the last quarter. Clear Investment Research LLC bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the third quarter worth about $44,000. Smartleaf Asset Management LLC raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 282.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock worth $49,000 after acquiring an additional 415 shares during the last quarter. Finally, Smithfield Trust Co raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 20.0% during the fourth quarter. Smithfield Trust Co now owns 720 shares of the company’s stock worth $62,000 after acquiring an additional 120 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Company Profile

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.