First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Reaches New 52-Week High – Still a Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) hit a new 52-week high on Wednesday . The stock traded as high as $140.13 and last traded at $139.87, with a volume of 23988 shares changing hands. The stock had previously closed at $139.11.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.60 billion, a P/E ratio of 17.76 and a beta of 0.95. The business’s 50 day simple moving average is $133.77 and its 200-day simple moving average is $127.03.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The business also recently declared 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 of this dividend was Thursday, June 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.8%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FEX. Jones Financial Companies Lllp lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 9.4% in the first quarter. Jones Financial Companies Lllp now owns 4,148 shares of the company’s stock valued at $425,000 after buying an additional 356 shares during the period. NewEdge Advisors LLC increased its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 27.5% in the 2nd quarter. NewEdge Advisors LLC now owns 6,284 shares of the company’s stock valued at $691,000 after acquiring an additional 1,355 shares during the last quarter. Bank of America Corp DE raised its position in shares of First Trust Large Cap Core AlphaDEX Fund by 4.9% in the 2nd quarter. Bank of America Corp DE now owns 226,970 shares of the company’s stock valued at $24,958,000 after acquiring an additional 10,567 shares during the period. Captrust Financial Advisors raised its position in shares of First Trust Large Cap Core AlphaDEX Fund by 4.9% in the 2nd quarter. Captrust Financial Advisors now owns 16,173 shares of the company’s stock valued at $1,778,000 after acquiring an additional 751 shares during the period. Finally, Advisory Services Network LLC boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 16.6% during the 2nd quarter. Advisory Services Network LLC now owns 6,179 shares of the company’s stock worth $691,000 after acquiring an additional 879 shares during the last quarter.

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.