First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Reaches New 1-Year High – Here’s Why

Shares of First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) reached a new 52-week high during trading on Thursday . The company traded as high as $120.51 and last traded at $120.4090, with a volume of 42658 shares trading hands. The stock had previously closed at $119.30.

First Trust Small Cap Core AlphaDEX Fund Stock Up 1.4%

The business’s 50 day simple moving average is $113.07 and its 200-day simple moving average is $108.10. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 13.79 and a beta of 1.14.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.3713 per share. The ex-dividend date was Friday, December 12th. This is a boost from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.27. This represents a $1.49 annualized dividend and a yield of 1.2%.

Hedge Funds Weigh In On First Trust Small Cap Core AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. GPS Wealth Strategies Group LLC lifted its stake in First Trust Small Cap Core AlphaDEX Fund by 9.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 6,134 shares of the company’s stock valued at $597,000 after purchasing an additional 541 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 7.6% during the second quarter. Arkadios Wealth Advisors now owns 3,638 shares of the company’s stock worth $354,000 after buying an additional 258 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 3.6% in the 2nd quarter. Private Trust Co. NA now owns 3,080 shares of the company’s stock valued at $300,000 after acquiring an additional 107 shares during the last quarter. Blair William & Co. IL bought a new position in shares of First Trust Small Cap Core AlphaDEX Fund in the 2nd quarter valued at $74,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the 2nd quarter valued at $6,815,000.

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.