First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Hits New 12-Month High – Should You Buy?

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTCGet Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $139.60 and last traded at $139.05, with a volume of 550 shares traded. The stock had previously closed at $135.41.

First Trust Large Cap Growth AlphaDEX Fund Stock Up 2.7 %

The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 21.72 and a beta of 1.04. The stock has a 50 day simple moving average of $130.49 and a 200 day simple moving average of $124.75.

First Trust Large Cap Growth 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 dividend of $0.0999 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. This is a positive change from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in the business. LRI Investments LLC acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the first quarter valued at approximately $31,000. Hilltop National Bank acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 2nd quarter valued at $84,000. Zions Bancorporation N.A. bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the 2nd quarter worth $147,000. LexAurum Advisors LLC lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 8.6% in the third quarter. LexAurum Advisors LLC now owns 1,906 shares of the company’s stock valued at $251,000 after buying an additional 151 shares during the period. Finally, Private Client Services LLC bought a new position in First Trust Large Cap Growth AlphaDEX Fund during the third quarter valued at about $254,000.

About First Trust Large Cap Growth AlphaDEX Fund

(Get Free Report)

First Trust Large Cap Growth AlphaDEX Fund (the Fund), formerly First Trust Large Cap Growth Opportunities AlphaDEX Fund, is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Growth Index (the Index).

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