First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sets New 52-Week Low – Time to Sell?

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) shares reached a new 52-week low on Friday . The company traded as low as $71.05 and last traded at $71.06, with a volume of 2250 shares trading hands. The stock had previously closed at $73.50.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

The firm has a market cap of $1.02 billion, a P/E ratio of 14.62 and a beta of 1.11. The firm’s fifty day simple moving average is $77.24 and its 200 day simple moving average is $78.51.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date was Thursday, March 27th. This represents a $1.58 annualized dividend and a yield of 2.28%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FTA. Gateway Wealth Partners LLC boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 2.4% during the 4th quarter. Gateway Wealth Partners LLC now owns 35,865 shares of the company’s stock valued at $2,742,000 after acquiring an additional 849 shares during the period. Mutual Advisors LLC grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 5.2% in the fourth quarter. Mutual Advisors LLC now owns 7,302 shares of the company’s stock worth $577,000 after purchasing an additional 361 shares during the last quarter. RFG Advisory LLC grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 19.4% in the fourth quarter. RFG Advisory LLC now owns 9,668 shares of the company’s stock worth $739,000 after purchasing an additional 1,573 shares during the last quarter. Secure Asset Management LLC lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 3.6% during the 4th quarter. Secure Asset Management LLC now owns 56,961 shares of the company’s stock valued at $4,355,000 after buying an additional 2,005 shares in the last quarter. Finally, Trueblood Wealth Management LLC lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 5.2% during the 4th quarter. Trueblood Wealth Management LLC now owns 35,342 shares of the company’s stock valued at $2,702,000 after buying an additional 1,734 shares in 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.