First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Shares Down 0.3% - Time to 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 - Get Free Report)'s share price dropped 0.3% on Tuesday . The stock traded as low as $103.27 and last traded at $103.40. Approximately 83,506 shares changed hands during trading, an increase of 192% from the average daily volume of 28,593 shares. The stock had previously closed at $103.68.

First Trust Small Cap Core AlphaDEX Fund Price Performance

The stock has a market capitalization of $895.62 million, a P/E ratio of 13.79 and a beta of 1.27. The company's 50 day simple moving average is $99.49 and its two-hundred day simple moving average is $94.42.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

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

Institutional Trading of First Trust Small Cap Core AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund during the fourth quarter worth about $58,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the second quarter worth approximately $59,000. Flaharty Asset Management LLC acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the first quarter worth approximately $59,000. Blair William & Co. IL acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the second quarter worth approximately $74,000. Finally, Capital A Wealth Management LLC acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the fourth quarter worth approximately $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.