First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Reaches New 52-Week High – Here’s What Happened

by · The Markets Daily

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $89.61 and last traded at $89.45, with a volume of 15638 shares changing hands. The stock had previously closed at $87.96.

First Trust Large Cap Value AlphaDEX Fund Trading Up 1.7%

The firm’s 50 day moving average price is $86.16 and its 200-day moving average price is $83.42. The company has a market cap of $1.23 billion, a P/E ratio of 13.54 and a beta of 0.91.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.5233 dividend. The ex-dividend date was Friday, December 12th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 2.3%. This is a positive change from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40.

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

Large investors have recently bought and sold shares of the company. Park Avenue Securities LLC raised its stake in First Trust Large Cap Value AlphaDEX Fund by 3.2% during the 3rd quarter. Park Avenue Securities LLC now owns 22,052 shares of the company’s stock worth $1,838,000 after buying an additional 689 shares during the period. Benjamin Edwards Inc. grew its stake in First Trust Large Cap Value AlphaDEX Fund by 3.9% in the third quarter. Benjamin Edwards Inc. now owns 83,936 shares of the company’s stock valued at $6,996,000 after acquiring an additional 3,156 shares during the period. Trueblood Wealth Management LLC increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 1.4% in the third quarter. Trueblood Wealth Management LLC now owns 39,627 shares of the company’s stock worth $3,302,000 after acquiring an additional 537 shares in the last quarter. Total Investment Management Inc. acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter worth about $89,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter worth about $772,000.

About First Trust Large Cap Value AlphaDEX Fund

(Get Free Report)

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.

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