First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sets New 52-Week High – What’s Next?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $82.14 and last traded at $82.11, with a volume of 13541 shares. The stock had previously closed at $81.02.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The company’s fifty day simple moving average is $79.42 and its 200-day simple moving average is $76.68. The firm has a market capitalization of $1.28 billion, a PE ratio of 14.55 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.453 per share. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.33. This represents a $1.81 dividend on an annualized basis and a dividend yield of 2.19%.

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

A number of large investors have recently made changes to their positions in FTA. ICA Group Wealth Management LLC lifted its position in First Trust Large Cap Value AlphaDEX Fund by 70.0% during the second quarter. ICA Group Wealth Management LLC now owns 425 shares of the company’s stock valued at $31,000 after purchasing an additional 175 shares during the period. Hilltop National Bank acquired a new position in First Trust Large Cap Value AlphaDEX Fund during the second quarter valued at $76,000. GPS Wealth Strategies Group LLC lifted its position in First Trust Large Cap Value AlphaDEX Fund by 145.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,113 shares of the company’s stock valued at $82,000 after purchasing an additional 660 shares during the period. Continuum Advisory LLC lifted its position in First Trust Large Cap Value AlphaDEX Fund by 38.4% during the second quarter. Continuum Advisory LLC now owns 1,193 shares of the company’s stock valued at $88,000 after purchasing an additional 331 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new position in First Trust Large Cap Value AlphaDEX Fund during the third quarter valued at $201,000.

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.