First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Shares Up 0.9% - Should You Buy?

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - Get Free Report) shares shot up 0.9% during trading on Friday . The stock traded as high as $100.73 and last traded at $100.71. 6,900 shares changed hands during trading, a decline of 77% from the average session volume of 30,242 shares. The stock had previously closed at $99.78.

First Trust Small Cap Core AlphaDEX Fund Stock Performance

The company's 50 day moving average price is $93.47 and its 200 day moving average price is $94.81. The company has a market cap of $851.00 million, a price-to-earnings ratio of 13.79 and a beta of 1.12.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders 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 dividend yield of 0.33%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Mpwm Advisory Solutions LLC acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the 4th quarter worth $58,000. Flaharty Asset Management LLC acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the 1st quarter worth $59,000. Capital A Wealth Management LLC acquired a new position in First Trust Small Cap Core AlphaDEX Fund in the 4th quarter valued at $109,000. Atria Investments Inc acquired a new position in First Trust Small Cap Core AlphaDEX Fund in the 4th quarter valued at $203,000. Finally, Armis Advisers LLC acquired a new position in First Trust Small Cap Core AlphaDEX Fund during the 4th quarter worth $205,000.

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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