First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sets New 1-Year High - Still a Buy?

Key Points

• FYX hit a new 52-week high, trading as high as $133.81 (last $133.5550) on Tuesday with about 10,489 shares changing hands.
• The fund recently paid a quarterly dividend of $0.2029 (annualized $0.81), implying a yield of about 0.6% with an ex-dividend date of March 26.
• The ETF has a market capitalization around $1.22 billion, a P/E of 13.79, tracks the NASDAQ AlphaDEX Small Cap Core index, and has seen modest institutional buying in recent quarters.

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - ) reached a new 52-week high on Tuesday . The company traded as high as $133.81 and last traded at $133.5550, with a volume of 10489 shares changing hands. The stock had previously closed at $132.03.

First Trust Small Cap Core AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 13.79 and a beta of 1.08. The stock has a fifty day moving average of $123.45 and a two-hundred day moving average of $118.10.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.2029 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, March 26th.

Institutional Trading of First Trust Small Cap Core AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of FYX. NBT Bank N A NY increased its holdings in First Trust Small Cap Core AlphaDEX Fund by 127.4% in the first quarter. NBT Bank N A NY now owns 257 shares of the company's stock valued at $31,000 after purchasing an additional 144 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in First Trust Small Cap Core AlphaDEX Fund by 67.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 405 shares of the company's stock valued at $46,000 after purchasing an additional 163 shares during the period. CX Institutional acquired a new stake in First Trust Small Cap Core AlphaDEX Fund in the third quarter valued at $68,000. Sound Income Strategies LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund during the fourth quarter valued at $161,000. Finally, Walkner Condon Financial Advisors LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund during the third quarter valued at $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.

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