First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Stock Price Down 0.3% - Time to Sell?

Key Points

• Shares of First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) fell by 0.3% to $100.96 during mid-day trading, with a substantial decline in trading volume.
• The fund recently announced a quarterly dividend of $0.0821 per share, reflecting a 0.33% dividend yield, which was paid on June 30th.
• Institutional investors have recently increased their stakes in the fund, with QTR Family Wealth LLC and others growing their holdings in the second quarter.

Shares of First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - Get Free Report) fell 0.3% on Monday . The company traded as low as $100.77 and last traded at $100.96. 5,388 shares changed hands during trading, a decline of 81% from the average session volume of 28,864 shares. The stock had previously closed at $101.23.

First Trust Small Cap Core AlphaDEX Fund Stock Down 1.6%

The company has a market capitalization of $807.70 million, a P/E ratio of 13.79 and a beta of 1.27. The company has a 50 day simple moving average of $96.90 and a two-hundred day simple moving average of $94.66.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FYX. Mpwm Advisory Solutions LLC acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the fourth quarter worth about $58,000. Flaharty Asset Management LLC acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund in the 1st quarter valued at $59,000. Blair William & Co. IL acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the 2nd quarter valued at $74,000. Capital A Wealth Management LLC purchased a new stake in First Trust Small Cap Core AlphaDEX Fund during the 4th quarter worth $109,000. Finally, Armis Advisers LLC bought a new stake in shares of First Trust Small Cap Core AlphaDEX Fund in the 4th quarter worth about $205,000.

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.