First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Trading Down 1.1% - Here's What Happened

Key Points

• The First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) experienced a 1.1% decline in share price, trading down to $109.66, with a notable decrease in trading volume of 68% from the average.
• The fund announced a substantial increase in its quarterly dividend to $0.2692 per share, up from a previous $0.08, reflecting an annualized yield of 1.0%.
• Several institutional investors, including D.A. Davidson & CO. and City Holding Co., have increased their stakes in the fund during the third quarter, indicating renewed interest from hedge funds.

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - )'s share price fell 1.1% during mid-day trading on Wednesday . The stock traded as low as $108.88 and last traded at $109.66. 8,171 shares changed hands during trading, a decline of 68% from the average session volume of 25,236 shares. The stock had previously closed at $110.89.

First Trust Small Cap Core AlphaDEX Fund Price Performance

The business's fifty day simple moving average is $108.07 and its two-hundred day simple moving average is $98.60. The company has a market cap of $893.73 million, a PE ratio of 13.79 and a beta of 1.27.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.2692 per share. The ex-dividend date was Thursday, September 25th. This is a boost from First Trust Small Cap Core AlphaDEX Fund's previous quarterly dividend of $0.08. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%.

Hedge Funds Weigh In On First Trust Small Cap Core AlphaDEX Fund

Institutional investors have recently bought and sold shares of the company. D.A. Davidson & CO. raised its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 3.7% in the 3rd quarter. D.A. Davidson & CO. now owns 47,079 shares of the company's stock valued at $5,131,000 after acquiring an additional 1,664 shares during the period. City Holding Co. raised its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 9.3% in the 3rd quarter. City Holding Co. now owns 23,197 shares of the company's stock valued at $2,528,000 after acquiring an additional 1,974 shares during the period. Daymark Wealth Partners LLC increased its stake in First Trust Small Cap Core AlphaDEX Fund by 4.9% during the 3rd quarter. Daymark Wealth Partners LLC now owns 8,102 shares of the company's stock worth $883,000 after buying an additional 379 shares during the period. Silver Oak Securities Incorporated increased its stake in First Trust Small Cap Core AlphaDEX Fund by 1.7% during the 3rd quarter. Silver Oak Securities Incorporated now owns 30,959 shares of the company's stock worth $3,374,000 after buying an additional 520 shares during the period. Finally, Brady Family Wealth LLC purchased a new stake in First Trust Small Cap Core AlphaDEX Fund during the 3rd quarter worth approximately $211,000.

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.

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