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, marking an impressive milestone for the fund. The stock peaked at $148.28 during trading, and the last recorded price was $148.13, with a trading volume of 4,198 shares. Prior to this, the stock had closed at $147.43.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 0.6%

The fund has a current market capitalization of approximately $1.21 billion. Its price-to-earnings ratio stands at 21.72, and it has a beta of 1.04, indicating a level of volatility in its stock price compared to the broader market. Additionally, the 50-day moving average price is $136.79, while the 200-day moving average price is $127.72.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

Recently, the fund announced a quarterly dividend, which was distributed on Monday, September 30th. Shareholders on record as of Thursday, September 26th received a dividend of $0.0999 per share. The ex-dividend date also fell on September 26th. This new dividend represents an increase from the previous quarterly dividend of $0.05, bringing the annualized dividend to $0.40, which results in a yield of 0.27%.

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

Institutional investors and hedge funds have been active in buying and selling shares of the First Trust Large Cap Growth AlphaDEX Fund. For instance, Apollon Wealth Management LLC increased its stake by 1.5% during the second quarter, now holding 16,905 shares valued at $2,071,000 after acquiring an additional 256 shares. Similarly, RFG Advisory LLC raised its position by 4.4%, now owning 3,955 shares worth $485,000 after adding 167 shares in the last quarter. Furthermore, Fifth Third Securities Inc. entered the scene with a new position valued approximately at $1,156,000 during the same quarter. HFG Advisors Inc. and Park Avenue Securities LLC also boosted their holdings, demonstrating growing institutional interest in this fund.

About First Trust Large Cap Growth AlphaDEX Fund

The First Trust Large Cap Growth AlphaDEX Fund aims to deliver investment results that accurately mirror the price and yield of the Defined Large Cap Growth Index. This exchange-traded fund is designed for those seeking exposure to large-cap growth investment opportunities.

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