First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Hits New 52-Week High – Still a Buy?

Shares of First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $135.59 and last traded at $135.5750, with a volume of 1319 shares changing hands. The stock had previously closed at $132.87.

First Trust Small Cap Core AlphaDEX Fund Stock Performance

The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 13.79 and a beta of 1.08. The firm’s 50-day moving average price is $126.81 and its two-hundred day moving average price is $120.56.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders 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 yield of 0.6%.

Institutional Investors Weigh In On First Trust Small Cap Core AlphaDEX Fund

Large investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of First Trust Small Cap Core AlphaDEX Fund by 17.2% during the 1st quarter. Royal Bank of Canada now owns 708,400 shares of the company’s stock worth $84,550,000 after buying an additional 103,921 shares during the period. Morgan Stanley boosted its stake in First Trust Small Cap Core AlphaDEX Fund by 6.8% in the 4th quarter. Morgan Stanley now owns 667,395 shares of the company’s stock valued at $75,510,000 after buying an additional 42,502 shares in the last quarter. UBS Group AG grew its position in First Trust Small Cap Core AlphaDEX Fund by 35.7% in the third quarter. UBS Group AG now owns 291,171 shares of the company’s stock valued at $31,732,000 after acquiring an additional 76,615 shares during the period. Janney Montgomery Scott LLC grew its position in First Trust Small Cap Core AlphaDEX Fund by 6.1% in the first quarter. Janney Montgomery Scott LLC now owns 253,525 shares of the company’s stock valued at $30,259,000 after acquiring an additional 14,562 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in First Trust Small Cap Core AlphaDEX Fund by 17.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 103,303 shares of the company’s stock worth $11,688,000 after acquiring an additional 15,162 shares in the last quarter.

About First Trust Small Cap Core AlphaDEX Fund

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.