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)'s share price traded up 0.9% during mid-day trading on Friday . The stock traded as high as $100.73 and last traded at $100.71. 6,900 shares traded hands during mid-day 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 stock's 50-day moving average is $93.96 and its 200 day moving average is $94.74. The stock has a market capitalization of $836.72 million, a PE ratio of 13.79 and a beta of 1.27.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Atria Investments Inc purchased a new position in First Trust Small Cap Core AlphaDEX Fund during the fourth quarter worth about $203,000. Raymond James Financial Inc. acquired a new position in First Trust Small Cap Core AlphaDEX Fund during the 4th quarter worth approximately $44,857,000. Independent Advisor Alliance acquired a new position in First Trust Small Cap Core AlphaDEX Fund during the 4th quarter worth approximately $3,672,000. Commonwealth Equity Services LLC raised its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 10.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 87,977 shares of the company's stock worth $8,891,000 after buying an additional 8,080 shares in the last quarter. Finally, Tidemark LLC boosted its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 17.3% in the fourth quarter. Tidemark LLC now owns 4,206 shares of the company's stock valued at $425,000 after buying an additional 620 shares in the last quarter.

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.