First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sets New 1-Year High – What’s Next?

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $121.87 and last traded at $121.20, with a volume of 3684 shares traded. The stock had previously closed at $119.32.

First Trust Small Cap Core AlphaDEX Fund Stock Down 1.6%

The company has a market cap of $1.01 billion, a PE ratio of 13.79 and a beta of 1.14. The firm’s 50-day moving average is $114.83 and its 200-day moving average is $109.10.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FYX. Mainsail Financial Group LLC grew its stake in First Trust Small Cap Core AlphaDEX Fund by 2.0% in the fourth quarter. Mainsail Financial Group LLC now owns 40,169 shares of the company’s stock worth $4,545,000 after purchasing an additional 795 shares during the period. City Holding Co. lifted its position in First Trust Small Cap Core AlphaDEX Fund by 11.1% during the fourth quarter. City Holding Co. now owns 25,783 shares of the company’s stock valued at $2,917,000 after buying an additional 2,586 shares during the period. Main Line Retirement Advisors LLC bought a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the 4th quarter valued at $11,427,000. Sound Income Strategies LLC purchased a new stake in shares of First Trust Small Cap Core AlphaDEX Fund in the 4th quarter worth about $161,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of First Trust Small Cap Core AlphaDEX Fund by 67.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 405 shares of the company’s stock worth $46,000 after buying an additional 163 shares during the period.

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.