First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Shares Down 0.3% - Should You Sell?

Key Points

• The First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) shares fell by 0.3% to $103.40, with trading volume increasing by 192% compared to its average.
• The fund announced a recent quarterly dividend of $0.0821 per share, equating to an annualized dividend of $0.33 and a yield of 0.3%.
• Institutional investors have shown increasing interest in the fund, with several firms making new acquisitions during the fourth quarter, indicating a potential for future growth.

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - )'s share price fell 0.3% during trading on Tuesday . The company traded as low as $103.27 and last traded at $103.40. 83,506 shares traded hands during mid-day trading, an increase of 192% from the average session volume of 28,593 shares. The stock had previously closed at $103.68.

First Trust Small Cap Core AlphaDEX Fund Trading Down 0.3%

The business has a 50-day moving average of $98.93 and a 200 day moving average of $94.43. The firm has a market capitalization of $863.39 million, a P/E ratio of 13.79 and a beta of 1.27.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Capital A Wealth Management LLC acquired a new position in First Trust Small Cap Core AlphaDEX Fund during the fourth quarter worth $109,000. Mpwm Advisory Solutions LLC bought a new position in shares of First Trust Small Cap Core AlphaDEX Fund in the fourth quarter valued at approximately $58,000. Cresset Asset Management LLC bought a new position in shares of First Trust Small Cap Core AlphaDEX Fund in the fourth quarter valued at approximately $251,000. Cetera Investment Advisers lifted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 1.1% in the fourth quarter. Cetera Investment Advisers now owns 97,743 shares of the company's stock valued at $9,878,000 after purchasing an additional 1,053 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 2.9% in the fourth quarter. Baird Financial Group Inc. now owns 82,172 shares of the company's stock valued at $8,304,000 after purchasing an additional 2,324 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.

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