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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report)'s stock price reached a new 52-week low on Thursday . The company traded as low as $66.01 and last traded at $72.04, with a volume of 66407 shares traded. The stock had previously closed at $67.12.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The stock's fifty day moving average price is $75.75 and its 200-day moving average price is $78.01. The firm has a market cap of $1.04 billion, a PE ratio of 13.50 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.3953 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.58 dividend on an annualized basis and a yield of 2.21%.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Trueblood Wealth Management LLC raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 5.4% during the 1st quarter. Trueblood Wealth Management LLC now owns 37,233 shares of the company's stock worth $2,857,000 after buying an additional 1,891 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in First Trust Large Cap Value AlphaDEX Fund during the 1st quarter valued at about $274,000. Farther Finance Advisors LLC raised its position in First Trust Large Cap Value AlphaDEX Fund by 447.1% during the first quarter. Farther Finance Advisors LLC now owns 465 shares of the company's stock worth $36,000 after acquiring an additional 380 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 3.6% in the first quarter. Park Avenue Securities LLC now owns 21,679 shares of the company's stock valued at $1,663,000 after purchasing an additional 744 shares in the last quarter. Finally, NBC Securities Inc. grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 84,600.0% in the first quarter. NBC Securities Inc. now owns 9,317 shares of the company's stock valued at $714,000 after purchasing an additional 9,306 shares during the last quarter.

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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.