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

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $145.68 and last traded at $145.8350, with a volume of 5601 shares. The stock had previously closed at $144.27.

First Trust Small Cap Core AlphaDEX Fund Stock Down 0.4%

The company has a market cap of $1.40 billion, a price-to-earnings ratio of 13.79 and a beta of 1.06. The company’s 50-day moving average is $140.13 and its 200 day moving average is $130.19.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.4369 per share. This is a boost from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, June 25th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 1.2%.

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

Institutional investors and hedge funds have recently modified their holdings of the business. NBT Bank N A NY boosted its position in First Trust Small Cap Core AlphaDEX Fund by 127.4% during the first quarter. NBT Bank N A NY now owns 257 shares of the company’s stock worth $31,000 after purchasing an additional 144 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 67.4% during 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. Sound Income Strategies LLC acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the 4th quarter worth approximately $161,000. Beto Financial Group LLC purchased a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the 4th quarter valued at approximately $216,000. Finally, Summit Wealth Group LLC Co. acquired a new stake in First Trust Small Cap Core AlphaDEX Fund in the 4th quarter valued at $225,000.

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.