First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sees Large Volume Increase – Should You Buy?

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) shares saw unusually-high trading volume on Wednesday . Approximately 147,715 shares changed hands during mid-day trading, an increase of 373% from the previous session’s volume of 31,206 shares.The stock last traded at $124.8750 and had previously closed at $121.77.

First Trust Small Cap Core AlphaDEX Fund Stock Performance

The company’s fifty day simple moving average is $121.18 and its two-hundred day simple moving average is $115.62. The stock has a market capitalization of $1.09 billion, a P/E ratio of 13.79 and a beta of 1.06.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.2029 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Trading of First Trust Small Cap Core AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in FYX. Thurston Springer Miller Herd & Titak Inc. boosted its stake in First Trust Small Cap Core AlphaDEX Fund by 67.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 405 shares of the company’s stock valued at $46,000 after purchasing an additional 163 shares during the period. CX Institutional acquired a new stake in First Trust Small Cap Core AlphaDEX Fund in the 3rd quarter worth about $68,000. Sound Income Strategies LLC acquired a new stake in First Trust Small Cap Core AlphaDEX Fund in the 4th quarter worth about $161,000. Walkner Condon Financial Advisors LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund in the 3rd quarter valued at about $201,000. Finally, Sagespring Wealth Partners LLC acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the 4th quarter worth approximately $203,000.

First Trust Small Cap Core AlphaDEX Fund Company Profile

The First Trust Small Cap Core AlphaDEX Fund (FYX) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Small Cap Core index. The fund tracks an index of small-cap stocks selected based on quantitatively driven growth and value factors. FYX was launched on May 8, 2007 and is managed by First Trust.