First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Hits New 52-Week High After Dividend Announcement

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX)’s stock price reached a new 52-week high on Wednesday following a dividend announcement from the company. The company traded as high as $141.11 and last traded at $141.1340, with a volume of 3683 shares changing hands. The stock had previously closed at $138.87.

The newly announced dividend which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.4369 per share. This is an increase from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.20. This represents a $1.75 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, June 25th.

First Trust Small Cap Core AlphaDEX Fund Price Performance

The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 13.79 and a beta of 1.06. The firm’s fifty day moving average price is $133.89 and its two-hundred day moving average price is $124.79.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC grew its stake in First Trust Small Cap Core AlphaDEX Fund by 7.5% in the first quarter. Western Wealth Management LLC now owns 29,514 shares of the company’s stock valued at $3,523,000 after acquiring an additional 2,071 shares during the period. Royal Bank of Canada raised its position in shares of First Trust Small Cap Core AlphaDEX Fund by 17.2% during 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. Gateway Wealth Partners LLC acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the first quarter worth approximately $276,000. MTM Investment Management LLC raised its position in shares of First Trust Small Cap Core AlphaDEX Fund by 1.7% during the first quarter. MTM Investment Management LLC now owns 36,261 shares of the company’s stock worth $4,328,000 after purchasing an additional 621 shares during the period. Finally, Independent Financial Group LLC bought a new position in shares of First Trust Small Cap Core AlphaDEX Fund in the 1st quarter worth $307,000.

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.