First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sets New 1-Year High – What’s Next?

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $136.82 and last traded at $136.1310, with a volume of 848 shares changing hands. The stock had previously closed at $134.45.

First Trust Small Cap Core AlphaDEX Fund Price Performance

The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 13.79 and a beta of 1.06. The business’s 50-day simple moving average is $129.74 and its two-hundred day simple moving average is $122.26.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

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

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

Several hedge funds and other institutional investors have recently made changes to their positions in FYX. Western Wealth Management LLC lifted its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 7.5% during the 1st quarter. Western Wealth Management LLC now owns 29,514 shares of the company’s stock valued at $3,523,000 after buying an additional 2,071 shares in the last quarter. Royal Bank of Canada lifted its stake 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 valued at $84,550,000 after buying an additional 103,921 shares in the last quarter. Gateway Wealth Partners LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund during the 1st quarter worth approximately $276,000. MTM Investment Management LLC lifted its stake in First Trust Small Cap Core AlphaDEX Fund by 1.7% in the 1st quarter. MTM Investment Management LLC now owns 36,261 shares of the company’s stock worth $4,328,000 after purchasing an additional 621 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new stake in First Trust Small Cap Core AlphaDEX Fund in the 1st quarter worth approximately $307,000.

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.