First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Reaches New 1-Year High – Time to Buy?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $99.38 and last traded at $99.3650, with a volume of 575 shares traded. The stock had previously closed at $98.13.

First Trust Large Cap Value AlphaDEX Fund Trading Down 0.4%

The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 13.54 and a beta of 0.79. The stock has a 50-day moving average price of $96.08 and a 200 day moving average price of $93.44.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.3389 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.4%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FTA. Sun Financial Inc purchased a new position in First Trust Large Cap Value AlphaDEX Fund during the fourth quarter worth approximately $1,031,000. Benjamin Edwards Inc. boosted its stake in First Trust Large Cap Value AlphaDEX Fund by 12.3% during the fourth quarter. Benjamin Edwards Inc. now owns 94,302 shares of the company’s stock worth $8,127,000 after buying an additional 10,366 shares during the period. Ashton Thomas Private Wealth LLC boosted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 6.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 5,261 shares of the company’s stock worth $453,000 after purchasing an additional 320 shares during the period. Sanctuary Advisors LLC boosted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 2.2% during the fourth quarter. Sanctuary Advisors LLC now owns 19,067 shares of the company’s stock worth $1,643,000 after buying an additional 417 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 3.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 9,298 shares of the company’s stock valued at $801,000 after acquiring an additional 321 shares during the period.

About First Trust Large Cap Value AlphaDEX Fund

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.