First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Hits New 1-Year High – Still a Buy?

Shares of First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) hit a new 52-week high during trading on Wednesday . The stock 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 Price Performance

The company has a fifty day moving average of $127.51 and a 200 day moving average of $120.95. The firm has a market capitalization of $1.23 billion, a P/E ratio of 13.79 and a beta of 1.08.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.2029 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.81 annualized dividend and a 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. Royal Bank of Canada boosted its holdings in First Trust Small Cap Core AlphaDEX Fund by 17.2% in the first quarter. Royal Bank of Canada now owns 708,400 shares of the company’s stock valued at $84,550,000 after acquiring an additional 103,921 shares during the last quarter. Main Line Retirement Advisors LLC bought a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the 4th quarter worth approximately $11,427,000. Janney Montgomery Scott LLC boosted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 68.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 238,963 shares of the company’s stock worth $27,037,000 after buying an additional 96,755 shares in the last quarter. UBS Group AG boosted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 35.7% during the 3rd quarter. UBS Group AG now owns 291,171 shares of the company’s stock worth $31,732,000 after buying an additional 76,615 shares in the last quarter. Finally, Crusonia Wealth Advisors LLC bought a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the 4th quarter worth approximately $8,307,000.

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.