First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Reaches New 12-Month High – Still a Buy?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) reached a new 52-week high during trading on Tuesday . The stock traded as high as $167.98 and last traded at $166.9790, with a volume of 420 shares changing hands. The stock had previously closed at $164.20.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.24 billion, a PE ratio of 28.68 and a beta of 1.15. The company’s fifty day simple moving average is $159.76 and its 200 day simple moving average is $160.68.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.0607 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. This is a boost from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 26th.

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

Several institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 7.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 19,621 shares of the company’s stock valued at $3,137,000 after purchasing an additional 1,318 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 185.6% during the fourth quarter. NewEdge Advisors LLC now owns 11,334 shares of the company’s stock valued at $1,812,000 after purchasing an additional 7,366 shares during the last quarter. Zacks Investment Management purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter valued at about $338,000. Osaic Holdings Inc. lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 9.7% during the fourth quarter. Osaic Holdings Inc. now owns 40,021 shares of the company’s stock valued at $6,400,000 after purchasing an additional 3,551 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 4.2% during the fourth quarter. Private Advisor Group LLC now owns 21,647 shares of the company’s stock valued at $3,461,000 after purchasing an additional 868 shares during the last quarter.

About First Trust Large Cap Growth AlphaDEX Fund

First Trust Large Cap Growth AlphaDEX Fund (the Fund), formerly First Trust Large Cap Growth Opportunities AlphaDEX Fund, is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Growth 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 Growth Index.