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)’s stock price hit a new 52-week high during trading 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 Stock Performance

The firm’s 50-day simple moving average is $106.14 and its 200 day simple moving average is $101.09. The stock has a market capitalization of $1.38 billion, a P/E ratio of 17.45 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

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

Hedge Funds Weigh In On First Trust Large Cap Core AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FEX. Ashton Thomas Private Wealth LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the second quarter valued at $123,000. International Assets Investment Management LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the second quarter valued at $166,000. Assetmark Inc. raised its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 24.4% during the third 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 last quarter. Concurrent Investment Advisors LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the third quarter valued at $207,000. Finally, Ellis Investment Partners LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the third 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.