First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Reaches New 12-Month High – Still a Buy?

Shares of First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) hit a new 52-week high during trading on Thursday . The stock traded as high as $82.14 and last traded at $82.11, with a volume of 13541 shares. The stock had previously closed at $81.02.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11. The firm has a fifty day simple moving average of $79.31 and a 200-day simple moving average of $76.64.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.453 dividend. This is an increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.33. This represents a $1.81 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FTA. MML Investors Services LLC grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 3.9% in the third quarter. MML Investors Services LLC now owns 11,495 shares of the company’s stock worth $910,000 after purchasing an additional 433 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 14.2% during the third quarter. Orion Portfolio Solutions LLC now owns 36,639 shares of the company’s stock valued at $2,899,000 after acquiring an additional 4,552 shares in the last quarter. Jane Street Group LLC bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the third quarter worth approximately $1,137,000. Benjamin Edwards Inc. increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 1,116.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 38,132 shares of the company’s stock worth $3,017,000 after purchasing an additional 34,998 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth about $285,000.

First Trust Large Cap Value AlphaDEX Fund Company Profile

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.