First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Hits New 52-Week High – Time to Buy?

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) reached a new 52-week high during trading on Wednesday . The stock traded as high as $108.20 and last traded at $108.12, with a volume of 3247 shares trading hands. The stock had previously closed at $105.11.

First Trust Large Cap Core AlphaDEX Fund Trading Up 2.9 %

The stock has a market cap of $1.32 billion, a P/E ratio of 17.45 and a beta of 1.06. The company has a 50 day simple moving average of $103.38 and a 200 day simple moving average of $99.58.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.3502 dividend. This is a boost from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, September 26th. This represents a $1.40 annualized dividend and a yield of 1.30%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FEX. Ashton Thomas Private Wealth LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter worth approximately $123,000. International Assets Investment Management LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter valued at $166,000. Assetmark Inc. raised its stake in First Trust Large Cap Core AlphaDEX Fund by 24.4% in the 3rd quarter. Assetmark Inc. now owns 1,676 shares of the company’s stock valued at $175,000 after acquiring an additional 329 shares during the period. Concurrent Investment Advisors LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter valued at $207,000. Finally, Ellis Investment Partners LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter valued at $213,000.

First Trust Large Cap Core AlphaDEX Fund Company Profile

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.