First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sets New 1-Year Low – Here’s Why

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) hit a new 52-week low during trading on Thursday . The stock traded as low as $66.01 and last traded at $72.04, with a volume of 66407 shares trading hands. The stock had previously closed at $67.12.

First Trust Large Cap Value AlphaDEX Fund Trading Up 1.4 %

The company has a market cap of $1.03 billion, a P/E ratio of 13.50 and a beta of 1.11. The business has a 50 day moving average price of $75.90 and a 200-day moving average price of $78.06.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.3953 per share. This represents a $1.58 annualized dividend and a yield of 2.24%. The ex-dividend date was Thursday, March 27th.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Runnymede Capital Advisors Inc. bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the 4th quarter valued at $27,000. Private Trust Co. NA increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 45.1% in the fourth quarter. Private Trust Co. NA now owns 624 shares of the company’s stock valued at $48,000 after purchasing an additional 194 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the fourth quarter valued at $55,000. Golden State Wealth Management LLC bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the fourth quarter valued at about $69,000. Finally, GAMMA Investing LLC lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 384.3% during the 4th quarter. GAMMA Investing LLC now owns 1,017 shares of the company’s stock worth $78,000 after buying an additional 807 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Company Profile

The First Trust Large Cap Value AlphaDEX Fund (FTA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Large Cap Value index. The fund selects and weights value stocks using fundamental factors including sales, book value and cash flows. FTA was launched on May 8, 2007 and is managed by First Trust.