First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Reaches New 12-Month High – Should You Buy?

Shares of First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) hit a new 52-week high during trading on Tuesday . The company traded as high as $132.65 and last traded at $132.52, with a volume of 94830 shares traded. The stock had previously closed at $131.61.

First Trust Small Cap Core AlphaDEX Fund Price Performance

The company’s 50-day simple moving average is $122.27 and its 200-day simple moving average is $116.81. The stock has a market capitalization of $1.19 billion, a P/E ratio of 13.79 and a beta of 1.06.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

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

Institutional Trading of First Trust Small Cap Core AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FYX. Main Line Retirement Advisors LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund during the fourth quarter worth $11,427,000. Janney Montgomery Scott LLC raised its position in First Trust Small Cap Core AlphaDEX Fund by 68.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 238,963 shares of the company’s stock worth $27,037,000 after acquiring an additional 96,755 shares in the last quarter. UBS Group AG raised its position in First Trust Small Cap Core AlphaDEX Fund by 35.7% during the third quarter. UBS Group AG now owns 291,171 shares of the company’s stock worth $31,732,000 after acquiring an additional 76,615 shares in the last quarter. Crusonia Wealth Advisors LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund during the fourth quarter worth $8,307,000. Finally, Royal Bank of Canada raised its position in First Trust Small Cap Core AlphaDEX Fund by 13.5% during the fourth quarter. Royal Bank of Canada now owns 604,479 shares of the company’s stock worth $68,392,000 after acquiring an additional 71,943 shares in the last quarter.

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.