First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sets New 1-Year High – Still a Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $98.20 and last traded at $97.87, with a volume of 398 shares traded. The stock had previously closed at $96.80.

First Trust Large Cap Value AlphaDEX Fund Trading Up 0.7%

The firm has a market cap of $1.35 billion, a P/E ratio of 13.54 and a beta of 0.79. The firm’s 50 day moving average is $95.12 and its two-hundred day moving average is $92.48.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.3389 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.36 annualized dividend and a yield of 1.4%.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

A number of large investors have recently made changes to their positions in FTA. Eastern Bank acquired a new stake in First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter worth $32,000. Parallel Advisors LLC increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 558.1% in the first quarter. Parallel Advisors LLC now owns 14,879 shares of the company’s stock worth $1,374,000 after acquiring an additional 12,618 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 57.1% during the first quarter. NewEdge Advisors LLC now owns 156,182 shares of the company’s stock worth $14,423,000 after purchasing an additional 56,797 shares during the period. Bank of America Corp DE raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 12.8% during the first quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock worth $36,137,000 after purchasing an additional 44,259 shares during the period. Finally, Arkadios Wealth Advisors lifted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 8.8% during the 1st quarter. Arkadios Wealth Advisors now owns 14,562 shares of the company’s stock valued at $1,345,000 after purchasing an additional 1,180 shares in 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.