First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sets New 52-Week High – Time to Buy?

Shares of First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) hit a new 52-week high on Wednesday . The company traded as high as $113.17 and last traded at $113.17, with a volume of 430 shares changing hands. The stock had previously closed at $112.65.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

The stock has a fifty day simple moving average of $106.35 and a two-hundred day simple moving average of $101.17. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 17.45 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.3502 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Thursday, September 26th. This is an increase from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.26.

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

Large investors have recently modified their holdings of the business. International Assets Investment Management LLC raised its position in shares of First Trust Large Cap Core AlphaDEX Fund by 10,315.2% in the 3rd quarter. International Assets Investment Management LLC now owns 178,620 shares of the company’s stock worth $18,607,000 after acquiring an additional 176,905 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter worth about $10,192,000. Benjamin Edwards Inc. bought a new stake in First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter valued at about $5,227,000. Benjamin F. Edwards & Company Inc. increased its position in First Trust Large Cap Core AlphaDEX Fund by 344.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 49,718 shares of the company’s stock valued at $4,822,000 after buying an additional 38,544 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter valued at about $2,675,000.

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.