First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Trading Up 0.4% - Still a Buy?

Key Points

• The First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) experienced a 0.4% increase in trading, reaching a high of $109.75 with a market cap of $914.07 million.
• The fund announced a quarterly dividend increase to $0.2692, up from $0.08, representing a 1.0% annualized dividend yield.
• Several hedge funds have recently increased their stakes in FYX, indicating growing interest in the fund, with notable investments around $59,000 to $207,000.

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - ) shot up 0.4% during mid-day trading on Wednesday . The company traded as high as $109.75 and last traded at $109.47. 7,440 shares changed hands during trading, a decline of 72% from the average session volume of 26,144 shares. The stock had previously closed at $108.98.

First Trust Small Cap Core AlphaDEX Fund Trading Up 0.4%

The company's 50 day simple moving average is $105.32 and its 200 day simple moving average is $96.72. The stock has a market capitalization of $914.07 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 disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.2692 dividend. This is an increase 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 dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, September 25th.

Institutional Trading of First Trust Small Cap Core AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in FYX. Flaharty Asset Management LLC purchased a new stake in First Trust Small Cap Core AlphaDEX Fund in the 1st quarter valued at about $59,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the 2nd quarter worth about $59,000. Blair William & Co. IL acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund in the second quarter worth approximately $74,000. PCG Wealth Advisors LLC acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund in the first quarter worth approximately $206,000. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in First Trust Small Cap Core AlphaDEX Fund in the second quarter valued at approximately $207,000.

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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