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

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX)’s share price reached a new 52-week high on Thursday . The stock traded as high as $106.66 and last traded at $106.66, with a volume of 596 shares changing hands. The stock had previously closed at $106.47.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The company’s 50-day moving average price is $101.82 and its 200-day moving average price is $98.71. The company has a market cap of $1.30 billion, a P/E ratio of 17.45 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.3502 dividend. This is an increase from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, September 26th. This represents a $1.40 annualized dividend and a dividend yield of 1.32%.

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

A number of large investors have recently bought and sold shares of FEX. Scarborough Advisors LLC acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the fourth quarter valued at approximately $37,000. Indiana Trust & Investment Management CO acquired a new stake in First Trust Large Cap Core AlphaDEX Fund in the first quarter valued at $109,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter worth about $123,000. International Assets Investment Management LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter valued at about $166,000. Finally, SpiderRock Advisors LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund in the 1st quarter valued at about $201,000.

About First Trust Large Cap Core AlphaDEX Fund

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.