First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Hits New 12-Month High – What’s Next?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $141.43 and last traded at $140.9360, with a volume of 450 shares trading hands. The stock had previously closed at $139.81.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 17.76 and a beta of 0.94. The business has a 50 day moving average of $137.07 and a 200 day moving average of $130.48.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.2669 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.8%.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Annex Advisory Services LLC raised its position in First Trust Large Cap Core AlphaDEX Fund by 13.2% in the second quarter. Annex Advisory Services LLC now owns 4,415 shares of the company’s stock worth $618,000 after purchasing an additional 515 shares in the last quarter. Allied Private Wealth LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter valued at approximately $113,000. Western Wealth Management LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 1st quarter valued at approximately $125,000. Bank of America Corp DE raised its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 3.0% in the 1st quarter. Bank of America Corp DE now owns 234,821 shares of the company’s stock worth $28,631,000 after buying an additional 6,936 shares in the last quarter. Finally, IFS Group LLC acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the 1st quarter worth approximately $414,000.

About First Trust Large Cap Core AlphaDEX Fund

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.