First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sets New 12-Month High – Should You Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $135.01 and last traded at $134.58, with a volume of 24303 shares traded. The stock had previously closed at $134.73.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The company’s 50-day simple moving average is $128.04 and its 200-day simple moving average is $123.84. The stock has a market capitalization of $1.55 billion, a P/E ratio of 17.76 and a beta of 0.95.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.2942 per share. This represents a $1.18 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BIP Wealth LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund during the fourth quarter worth $15,743,000. RPg Family Wealth Advisory LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund during the third quarter worth $356,000. US Bancorp DE raised its position in First Trust Large Cap Core AlphaDEX Fund by 5.2% during the third quarter. US Bancorp DE now owns 71,064 shares of the company’s stock worth $8,302,000 after acquiring an additional 3,533 shares in the last quarter. HighTower Advisors LLC raised its position in First Trust Large Cap Core AlphaDEX Fund by 7.9% during the third quarter. HighTower Advisors LLC now owns 19,508 shares of the company’s stock worth $2,279,000 after acquiring an additional 1,420 shares in the last quarter. Finally, Washington Trust Advisors Inc. bought a new stake in First Trust Large Cap Core AlphaDEX Fund during the third quarter worth $40,000.

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.