First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Shares Down 0.2% - Here's What Happened

Key Points

• First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) shares fell by 0.2%, trading at $107.48, with a substantial decline in trading volume, down 66% from the average daily volume.
• The fund recently cut its quarterly dividend to $0.0821, resulting in an annualized total of $0.33 and a dividend yield of 0.3%.
• Institutional investors have been actively adjusting their holdings, with several firms, including Mpwm Advisory Solutions LLC and Twin Peaks Wealth Advisors LLC, purchasing new stakes in the fund.

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - ) shares dropped 0.2% during mid-day trading on Wednesday . The stock traded as low as $107.05 and last traded at $107.48. Approximately 9,350 shares changed hands during trading, a decline of 66% from the average daily volume of 27,511 shares. The stock had previously closed at $107.73.

First Trust Small Cap Core AlphaDEX Fund Trading Down 0.2%

The stock has a market capitalization of $897.46 million, a P/E ratio of 13.79 and a beta of 1.27. The business has a 50-day moving average price of $102.55 and a 200 day moving average price of $95.08.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.0821 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.3%.

Institutional Investors Weigh In On First Trust Small Cap Core AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC purchased a new position in shares of First Trust Small Cap Core AlphaDEX Fund in the 4th quarter worth approximately $58,000. Twin Peaks Wealth Advisors LLC purchased a new stake in First Trust Small Cap Core AlphaDEX Fund during the 2nd quarter valued at $59,000. Flaharty Asset Management LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund in the first quarter worth $59,000. Blair William & Co. IL purchased a new position in First Trust Small Cap Core AlphaDEX Fund during the second quarter worth $74,000. Finally, Capital A Wealth Management LLC bought a new position in First Trust Small Cap Core AlphaDEX Fund during the fourth quarter valued at $109,000.

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.

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