First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Reaches New 12-Month High – Here’s What Happened

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $80.58 and last traded at $80.58, with a volume of 762 shares changing hands. The stock had previously closed at $78.48.

First Trust Large Cap Value AlphaDEX Fund Price Performance

The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11. The firm’s fifty day moving average is $78.64 and its 200-day moving average is $76.17.

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 was Thursday, September 26th. This represents a $1.81 annualized dividend and a dividend yield of 2.23%. This is a positive change from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.33.

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

Several institutional investors have recently made changes to their positions in FTA. IFG Advisory LLC increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 1.0% during the second quarter. IFG Advisory LLC now owns 15,627 shares of the company’s stock worth $1,150,000 after acquiring an additional 160 shares in the last quarter. ICA Group Wealth Management LLC increased its position in shares of 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 worth $31,000 after acquiring an additional 175 shares in the last quarter. Kowal Investment Group LLC increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 0.4% during the third quarter. Kowal Investment Group LLC now owns 49,735 shares of the company’s stock worth $3,936,000 after acquiring an additional 181 shares in the last quarter. Ausdal Financial Partners Inc. increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 4.3% during the second quarter. Ausdal Financial Partners Inc. now owns 4,711 shares of the company’s stock worth $347,000 after acquiring an additional 194 shares in the last quarter. Finally, TrueWealth Advisors LLC increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 7.5% during the second quarter. TrueWealth Advisors LLC now owns 4,143 shares of the company’s stock worth $305,000 after acquiring an additional 289 shares in the last quarter.

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.