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

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) shares saw unusually-high trading volume on Friday. Approximately 124,596 shares traded hands during mid-day trading, an increase of 269% from the previous session’s volume of 33,740 shares. The stock last traded at $136.35 and had previously closed at $135.50.

First Trust Small Cap Core AlphaDEX Fund Trading Up 0.6%

The company has a 50 day moving average price of $141.44 and a 200 day moving average price of $135.66. The company has a market capitalization of $1.36 billion, a P/E ratio of 13.79 and a beta of 1.05.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.5101 dividend. This is an increase from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.4369. The ex-dividend date was Thursday, September 24th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FYX. Royal Bank of Canada increased its position in shares of 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 worth $84,550,000 after purchasing an additional 103,921 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 6.1% during the first quarter. Janney Montgomery Scott LLC now owns 253,525 shares of the company’s stock worth $30,259,000 after buying an additional 14,562 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in First Trust Small Cap Core AlphaDEX Fund by 25.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 107,601 shares of the company’s stock worth $15,526,000 after purchasing an additional 22,084 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 159.5% in the second quarter. Envestnet Asset Management Inc. now owns 101,266 shares of the company’s stock valued at $14,612,000 after buying an additional 62,240 shares during the period. Finally, Chicago Partners Investment Group LLC increased its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 1.8% in the first quarter. Chicago Partners Investment Group LLC now owns 72,627 shares of the company’s stock valued at $9,573,000 after buying an additional 1,286 shares during the period.

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.