First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Hits New 12-Month Low – Here’s Why

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $92.47 and last traded at $93.54, with a volume of 33312 shares. The stock had previously closed at $98.31.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The firm has a market cap of $1.12 billion, a PE ratio of 16.56 and a beta of 1.02. The firm has a 50-day simple moving average of $105.27 and a 200 day simple moving average of $106.27.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.2989 per share. This represents a $1.20 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, March 27th.

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

Large investors have recently made changes to their positions in the business. FMR LLC boosted its stake in First Trust Large Cap Core AlphaDEX Fund by 48.4% in the 3rd quarter. FMR LLC now owns 4,996 shares of the company’s stock worth $520,000 after purchasing an additional 1,630 shares in the last quarter. IHT Wealth Management LLC increased its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 19.2% in the third quarter. IHT Wealth Management LLC now owns 7,104 shares of the company’s stock worth $739,000 after purchasing an additional 1,142 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter valued at $1,418,000. Virtu Financial LLC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter valued at $1,299,000. Finally, Sanctuary Advisors LLC lifted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 3.9% in the third quarter. Sanctuary Advisors LLC now owns 29,095 shares of the company’s stock valued at $3,257,000 after acquiring an additional 1,098 shares in the last quarter.

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.