First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Reaches New 52-Week High – Still a Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $140.13 and last traded at $139.87, with a volume of 23988 shares trading hands. The stock had previously closed at $139.11.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 17.76 and a beta of 0.95. The firm has a 50 day simple moving average of $133.77 and a 200-day simple moving average of $127.03.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.2669 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.8%.

Hedge Funds Weigh In On First Trust Large Cap Core AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the company. Wealth Watch Advisors INC grew its stake in First Trust Large Cap Core AlphaDEX Fund by 31.3% during the fourth quarter. Wealth Watch Advisors INC now owns 688 shares of the company’s stock worth $82,000 after buying an additional 164 shares during the last quarter. Tcfg Wealth Management LLC boosted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 0.9% in the 1st quarter. Tcfg Wealth Management LLC now owns 21,507 shares of the company’s stock worth $2,622,000 after acquiring an additional 201 shares in the last quarter. Comerica Bank grew its position in First Trust Large Cap Core AlphaDEX Fund by 1.7% during the 3rd quarter. Comerica Bank now owns 13,060 shares of the company’s stock worth $1,526,000 after acquiring an additional 218 shares during the last quarter. AssuredPartners Investment Advisors LLC grew its position in First Trust Large Cap Core AlphaDEX Fund by 1.3% during the 4th quarter. AssuredPartners Investment Advisors LLC now owns 17,385 shares of the company’s stock worth $2,062,000 after acquiring an additional 219 shares during the last quarter. Finally, Ankerstar Wealth LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund during the 4th quarter valued at $27,000.

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.