First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Reaches New 12-Month Low – Time to Sell?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) hit 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 changing hands. The stock had previously closed at $98.31.

First Trust Large Cap Core AlphaDEX Fund Stock Down 5.9 %

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

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

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

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

Hedge funds have recently bought and sold shares of the stock. Hurley Capital LLC purchased a new position in First Trust Large Cap Core AlphaDEX Fund in the fourth quarter worth approximately $34,000. Three Seasons Wealth LLC purchased a new position in First Trust Large Cap Core AlphaDEX Fund in the fourth quarter valued at $300,000. Elevation Capital Advisory LLC purchased a new stake in First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth about $309,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth about $336,000. Finally, GeoWealth Management LLC boosted its holdings in First Trust Large Cap Core AlphaDEX Fund by 1,040.6% in the fourth quarter. GeoWealth Management LLC now owns 3,228 shares of the company’s stock valued at $337,000 after purchasing an additional 2,945 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.