First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Reaches New 12-Month High – What’s Next?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) shares reached a new 52-week high on Wednesday . The stock traded as high as $113.17 and last traded at $113.17, with a volume of 430 shares. The stock had previously closed at $112.65.

First Trust Large Cap Core AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 17.45 and a beta of 1.06. The business’s fifty day simple moving average is $106.14 and its 200 day simple moving average is $101.09.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.3502 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.25%. This is a boost from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, September 26th.

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

Large investors have recently bought and sold shares of the stock. HBK Sorce Advisory LLC grew its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 1.6% during the second quarter. HBK Sorce Advisory LLC now owns 185,036 shares of the company’s stock valued at $17,947,000 after buying an additional 2,934 shares during the last quarter. Wetzel Investment Advisors Inc. grew its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 1.2% during the second quarter. Wetzel Investment Advisors Inc. now owns 14,513 shares of the company’s stock valued at $1,440,000 after buying an additional 178 shares during the last quarter. Hanlon Investment Management Inc. bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the second quarter valued at about $511,000. Bordeaux Wealth Advisors LLC purchased a new position in First Trust Large Cap Core AlphaDEX Fund during the second quarter worth about $345,000. Finally, Belpointe Asset Management LLC grew its position in First Trust Large Cap Core AlphaDEX Fund by 11.8% in the 2nd quarter. Belpointe Asset Management LLC now owns 17,774 shares of the company’s stock worth $1,724,000 after purchasing an additional 1,875 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.