First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Trading Down 0.2% - What's Next?

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 - Get Free Report) was down 0.2% during trading on Wednesday . The stock traded as low as $107.05 and last traded at $107.48. Approximately 9,350 shares traded 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 Stock Up 0.2%

The firm has a 50 day moving average of $102.89 and a 200 day moving average of $95.24. The firm has a market cap of $907.39 million, a price-to-earnings ratio of 13.79 and a beta of 1.27.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

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

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

A number of hedge funds have recently added to or reduced their stakes in the company. Milestones Private Investment Advisors LLC acquired a new stake in First Trust Small Cap Core AlphaDEX Fund in the second quarter valued at approximately $1,425,000. Osaic Holdings Inc. grew its stake in First Trust Small Cap Core AlphaDEX Fund by 10.8% in the second quarter. Osaic Holdings Inc. now owns 62,361 shares of the company's stock valued at $6,072,000 after acquiring an additional 6,056 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of First Trust Small Cap Core AlphaDEX Fund in the second quarter valued at approximately $1,328,000. Geneos Wealth Management Inc. lifted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 315.2% in the second quarter. Geneos Wealth Management Inc. now owns 66,693 shares of the company's stock valued at $6,488,000 after purchasing an additional 50,629 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 2.5% in the second quarter. Captrust Financial Advisors now owns 6,321 shares of the company's stock valued at $615,000 after purchasing an additional 157 shares in the last quarter.

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.