First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Hits New 52-Week High – Time to Buy?

Shares of First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) reached a new 52-week high during trading on Wednesday . The company traded as high as $113.50 and last traded at $113.44, with a volume of 3486 shares traded. The stock had previously closed at $111.56.

First Trust Small Cap Core AlphaDEX Fund Stock Performance

The business’s 50 day moving average price is $109.25 and its two-hundred day moving average price is $103.46. The company has a market capitalization of $931.03 million, a price-to-earnings ratio of 13.79 and a beta of 1.14.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.2692 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.9%. This is a positive change from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, September 25th.

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 the business. Flaharty Asset Management LLC acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the 1st quarter valued at $59,000. Twin Peaks Wealth Advisors LLC purchased a new position in First Trust Small Cap Core AlphaDEX Fund during the 2nd quarter valued at about $59,000. CX Institutional purchased a new stake in First Trust Small Cap Core AlphaDEX Fund in the 3rd quarter worth approximately $68,000. Blair William & Co. IL purchased a new position in First Trust Small Cap Core AlphaDEX Fund in the second quarter valued at about $74,000. Finally, Walkner Condon Financial Advisors LLC bought a new position in First Trust Small Cap Core AlphaDEX Fund during the third quarter valued at approximately $201,000.

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.