First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Reaches New 1-Year High – Here’s Why

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $98.20 and last traded at $97.87, with a volume of 398 shares changing hands. The stock had previously closed at $96.80.

First Trust Large Cap Value AlphaDEX Fund Trading Up 0.1%

The stock has a fifty day simple moving average of $95.26 and a two-hundred day simple moving average of $92.60. The company has a market cap of $1.35 billion, a PE ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FTA. Eastern Bank acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the second quarter valued at $32,000. Parallel Advisors LLC grew its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 558.1% during the 1st quarter. Parallel Advisors LLC now owns 14,879 shares of the company’s stock worth $1,374,000 after purchasing an additional 12,618 shares during the period. NewEdge Advisors LLC increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 57.1% in the 1st quarter. NewEdge Advisors LLC now owns 156,182 shares of the company’s stock valued at $14,423,000 after purchasing an additional 56,797 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 12.8% in the 1st quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock valued at $36,137,000 after purchasing an additional 44,259 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 8.8% in the first quarter. Arkadios Wealth Advisors now owns 14,562 shares of the company’s stock valued at $1,345,000 after purchasing an additional 1,180 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Company Profile

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.