First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Reaches New 1-Year High - Here's What Happened

The First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) achieved a new 52-week high on Friday, reaching a peak of $148.28 before settling down to close at $148.13. The trading volume for the day was 4,198 shares, compared to the previous closing price of $147.43.

Gain in First Trust Large Cap Growth AlphaDEX Fund

The fund has a market capitalization of $1.21 billion, a price-to-earnings ratio of 21.72, and a beta of 1.04, indicating a moderate level of volatility. Its 50-day moving average stands at $136.79, while the 200-day moving average is $127.72, suggesting a strong upward trend in its stock price.

Dividend Announcement from First Trust Large Cap Growth AlphaDEX Fund

Recently, the First Trust Large Cap Growth AlphaDEX Fund announced an increase in its quarterly dividend. This dividend was paid on September 30th to shareholders who were recorded on September 26th. Each shareholder received a dividend of $0.0999 per share, up from the previous quarterly dividend of $0.05. This translates to an annual dividend of $0.40, providing a yield of 0.27%.

Institutional Investors Engaging with First Trust Large Cap Growth AlphaDEX Fund

In recent months, various hedge funds and institutional investors have been adjusting their positions in the fund. Apollon Wealth Management LLC increased its stake by 1.5% in the second quarter, now holding 16,905 shares worth approximately $2.07 million after acquiring an additional 256 shares. Similarly, RFG Advisory LLC raised its stake by 4.4%, now owning 3,955 shares valued at $485,000 after an additional purchase of 167 shares. Other firms, such as Fifth Third Securities Inc. and HFG Advisors Inc., have also made significant increases to their holdings in the fund.

Understanding First Trust Large Cap Growth AlphaDEX Fund

The First Trust Large Cap Growth AlphaDEX Fund, previously known as the First Trust Large Cap Growth Opportunities AlphaDEX Fund, is an exchange-traded fund (ETF) aimed at achieving investment results similar to those of the Defined Large Cap Growth Index.

Final Thoughts on Investment Potential

For investors considering the First Trust Large Cap Growth AlphaDEX Fund, it is recommended to conduct thorough research due to its current "Hold" rating among analysts. It's important to note that there may be other stocks that analysts view as better investment opportunities at this time.

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