First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sees Unusually-High Trading Volume – Here’s Why

Shares of First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) saw an uptick in trading volume on Friday . Approximately 128,902 shares were traded during mid-day trading, an increase of 304% from the previous session’s volume of 31,931 shares.The stock last traded at $142.80 and had previously closed at $143.62.

First Trust Small Cap Core AlphaDEX Fund Price Performance

The firm has a fifty day simple moving average of $142.77 and a 200-day simple moving average of $132.77. The firm has a market cap of $1.38 billion, a P/E ratio of 13.79 and a beta of 1.06.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.4369 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.20.

Institutional Trading of First Trust Small Cap Core AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. NBT Bank N A NY lifted its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 127.4% in the first quarter. NBT Bank N A NY now owns 257 shares of the company’s stock valued at $31,000 after buying an additional 144 shares in the last quarter. First Bancorp Inc ME bought a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the second quarter worth about $43,000. Beto Financial Group LLC acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund in the 4th quarter worth about $216,000. Summit Wealth Group LLC Co. bought a new position in First Trust Small Cap Core AlphaDEX Fund in the 4th quarter valued at about $225,000. Finally, Boston Standard Wealth Management LLC bought a new position in First Trust Small Cap Core AlphaDEX Fund in the 2nd quarter valued at about $233,000.

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.